Mizoram State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2015-16
Mizoram State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 4,800 crore
(excl. borrowings)
Total Expenditure
Rs 4,800 crore
Fiscal Deficit
4.0%
Rs 400 crore
Capital Expenditure
Rs 600 crore
Tax Revenue
Rs 500 crore
Net to Centre
Interest Payments
Rs 300 crore
6% of expenditure
Mizoram Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Mizoram 2015-16
The fiscal deficit for Mizoram in 2015-16 is 4.0% of GSDP (Rs 400 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 300 crore consume 6.3% of total expenditure.
Mizoram State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 5,400 crore | 100% |
| 1. Revenue Receipts | Rs 4,800 crore | 88.9% |
| a. Own Tax Revenue | Rs 500 crore | 9.3% |
| b. Non-Tax Revenue | Rs 1,200 crore | 22.2% |
| B. Total Expenditure | Rs 4,800 crore | 100% |
| 1. Revenue Expenditure | Rs 4,200 crore | 87.5% |
| 2. Capital Expenditure | Rs 600 crore | 12.5% |
| of which: Interest Payments | Rs 300 crore | 6.3% |
| C. Fiscal Deficit | Rs 400 crore | 4.0% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Budget 2015-16 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 4,800 crore with revenue expenditure of Rs 4,200 crore absorbing 87.5% of the outlay
- Revenue receipts at Rs 4,800 crore with own tax revenue reaching Rs 500 crore on improved collection
- Revenue deficit of Rs 600 crore as establishment costs continue to grow faster than revenue
- Fiscal deficit at 4.0% of GSDP (Rs 400 crore), within the elevated range typical for NE states
- Capital expenditure at Rs 600 crore focused on road connectivity and NLUP implementation
- Total outstanding debt at Rs 3,800 crore with debt-to-GSDP ratio declining to 38.0%
- Non-tax revenue at Rs 1,200 crore boosted by enhanced Fourteenth Finance Commission grants
- Interest payments at Rs 300 crore remain manageable relative to the expanded revenue base
- GSDP reaches Rs 10,000 crore with NLUP-driven agricultural diversification contributing to growth
- Market borrowings at Rs 400 crore reflect increased capital market participation
- New Land Use Policy reaches mature implementation covering over 1.2 lakh families
- Mizoram maintains highest literacy rate in NE India at approximately 91.6%
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 4,800 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 4,800 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 600 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 4.0% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2015-16
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