Shillong, February 23: Chief Minister Conrad K Sangma tabled Meghalaya’s 2026-27 budget on Monday, projecting total receipts of Rs 32,000 crore and expenditure of Rs 32,023 crore, leaving a fiscal deficit of Rs 2,672 crore — “around 3.5% of GSDP.”
The total receipts is at Rs 32,000 crore, of which the revenue receipts are estimated at Rs 26,583 crore and capital receipts at Rs 5,417 crore, Sangma said in his budget speech.
Excluding borrowings of Rs 5,379 crore, the total receipts are estimated to be at Rs 26,621 crore, he said adding that the total expenditure is estimated at Rs 32,023 crore, of which the revenue expenditure is estimated at Rs 21,812 crore and capital expenditure at Rs 10,211 crore.
According to the chief minister who holds charge of the Finance department, the estimated total expenditure is Rs 29,293 crore excluding repayment of loans of Rs 22,731 crore.
He said the interest payments for 2026-27 are estimated at Rs 1,540 crore and pension payments at Rs 1,980 crore.
“I am, therefore, presenting the budget for 2026-27 with a fiscal deficit of Rs 2,672 crore, which is around 3.5% percent of the GSDP,. I am delighted to highlight that the fiscal deficit has been maintained at the permissible limit of 3.5%” Sangma said.
Sangma highlighted dedicated budget and said, “The size of the climate budget for 2026-27 is ₹5,572 Crore, an increase of 2.8% over 2025-26; Youth Budget stands at 4,824 Crore, an increase of 45%; Gender Budget stands at ₹6,849 Crore, an increase of 10%.”
Sangma said Meghalaya’s GDP is projected at ₹76,320 crore in 2026-27, a 13.1% rise from 2024-25, keeping the state on course for ₹85,000 crore by 2028 and ₹1,35,000 crore by 2032.
He said central transfers are expected to reach ₹21,229 crore, though the share of central taxes will slip to ₹9,631 crore under the Sixteenth Finance Commission’s devolution formula.
