Mizoram State Budget 2008-09 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2008-09
Mizoram State Budget 2008-09 Budget at a Glance
Total Receipts
Rs 2,600 crore
+18.2%
Total Expenditure
Rs 3,150 crore
+17.5%
Fiscal Deficit
5.0%
Rs 250 crore
Capital Expenditure
Rs 650 crore
+12.1%
Tax Revenue
Rs 170 crore
+21.4%
Interest Payments
Rs 250 crore
8% of expenditure
Mizoram Revenue Receipts 2008-09
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2008-09
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Mizoram 2008-09
The fiscal deficit for Mizoram in 2008-09 is 5.0% of GSDP (Rs 250 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Mizoram's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 250 crore consume 7.9% of total expenditure.
Mizoram State Budget 2008-09 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3,100 crore | 100% |
| 1. Revenue Receipts | Rs 2,600 crore | 83.9% |
| a. Own Tax Revenue | Rs 170 crore | 5.5% |
| b. Non-Tax Revenue | Rs 180 crore | 5.8% |
| B. Total Expenditure | Rs 3,150 crore | 100% |
| 1. Revenue Expenditure | Rs 2,500 crore | 79.4% |
| 2. Capital Expenditure | Rs 650 crore | 20.6% |
| of which: Interest Payments | Rs 250 crore | 7.9% |
| C. Fiscal Deficit | Rs 250 crore | 5.0% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Budget 2008-09 Analysis & Highlights
Key Highlights
- Total expenditure rises to Rs 3,150 crore, a 17.5% increase driven by Sixth Pay Commission costs
- Revenue receipts at Rs 2,600 crore with own tax revenue at Rs 170 crore
- Revenue deficit persists at Rs 100 crore as pay revision inflates the salary bill
- Fiscal deficit at 5.0% of GSDP (Rs 250 crore) widens with pay commission expenditure
- Capital expenditure at Rs 650 crore with road and bridge construction as priorities
- Total outstanding debt at Rs 2,700 crore with debt-to-GSDP at 54.0%
- Interest payments at Rs 250 crore rise with the growing debt stock
- Market borrowings at Rs 130 crore supplement Central grants for infrastructure
- GSDP grows to Rs 5,000 crore with government spending as the primary economic driver
- Non-tax revenue at Rs 180 crore from forestry and minor power contributions
- Sixth Pay Commission implementation adds substantially to establishment costs
- Bamboo flowering cycle raises concerns about potential rodent infestation and crop damage
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 2,680 crore | Rs 3,150 crore |
| Revenue Receipts | โ | โ | โ | Rs 2,200 crore | Rs 2,600 crore |
| Capital Expenditure | โ | โ | โ | Rs 580 crore | Rs 650 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.1% | 5.0% |
| Own Tax Revenue | โ | โ | โ | Rs 140 crore | Rs 170 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2008-09
The Mizoram state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Mizoram Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
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Compare Mizoram with other states
Side-by-side comparison of fiscal metrics across Indian states