Meghalaya Chief Minister Conrad K Sangma on Wednesday tabled a Rs 1,970 crore deficit budget for the financial year 2025-26, announcing a Rs 6,000 scholarship for all post-matric students of the state.The Rs 1,970 crore budget is around 2.96 per cent of the projected Rs 66,645 crore GSDP, in line with the targeted USD 10 billion economy by 2028.
According to the budget document, the total receipts for 2025-26 are estimated at Rs 30,415 crore, of which revenue receipts are Rs 25.591 crore and capital receipts Rs 14,324 crore. Excluding borrowings of Rs 24,788 crore, the total receipts are estimated to be 225,627 crore.
Estimating the total expenditure to be Rs 30,003 crore, Sangma said the revenue expenditure is estimated to be Rs 20,556 crore and capital expenditure at Rs 9,447 crore. Excluding repayment of loans of Rs 2,406 crore, the estimated total expenditure is Rs 27,597 crore.