Mizoram State Budget 2016-17 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2016-17
Mizoram State Budget 2016-17 Budget at a Glance
Total Receipts
Rs 5,500 crore
+14.6%
Total Expenditure
Rs 5,700 crore
+18.8%
Fiscal Deficit
3.3%
Rs 400 crore
Capital Expenditure
Rs 700 crore
+16.7%
Tax Revenue
Rs 600 crore
+20.0%
Interest Payments
Rs 400 crore
7% of expenditure
Mizoram Revenue Receipts 2016-17
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2016-17
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Mizoram 2016-17
The fiscal deficit for Mizoram in 2016-17 is 3.3% 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 is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 400 crore consume 7.0% of total expenditure.
Mizoram State Budget 2016-17 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 6,300 crore | 100% |
| 1. Revenue Receipts | Rs 5,500 crore | 87.3% |
| a. Own Tax Revenue | Rs 600 crore | 9.5% |
| b. Non-Tax Revenue | Rs 1,400 crore | 22.2% |
| B. Total Expenditure | Rs 5,700 crore | 100% |
| 1. Revenue Expenditure | Rs 5,000 crore | 87.7% |
| 2. Capital Expenditure | Rs 700 crore | 12.3% |
| of which: Interest Payments | Rs 400 crore | 7.0% |
| C. Fiscal Deficit | Rs 400 crore | 3.3% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Budget 2016-17 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 5,700 crore, up 18.8% as development spending accelerates
- Revenue receipts at Rs 5,500 crore with own tax revenue reaching Rs 600 crore
- Revenue deficit narrows to Rs 500 crore on stronger Central devolution under the Fourteenth Finance Commission
- Fiscal deficit at 3.3% of GSDP (Rs 400 crore), moderate by NE state standards
- Capital expenditure at Rs 700 crore with road improvements and institutional construction
- Total outstanding debt at Rs 4,200 crore with debt-to-GSDP improving to 35.0%
- Non-tax revenue at Rs 1,400 crore from enhanced Central scheme flows
- Interest payments at Rs 400 crore steady relative to the growing revenue base
- GSDP grows to Rs 12,000 crore with construction and services as key drivers
- Market borrowings at Rs 600 crore support the infrastructure investment programme
- NLUP reaches saturation with most eligible families having received livelihood support
- Demonetisation in November 2016 impacts the cash-dependent economy significantly
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 4,800 crore | Rs 5,700 crore |
| Revenue Receipts | โ | โ | โ | Rs 4,800 crore | Rs 5,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 600 crore | Rs 700 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.0% | 3.3% |
| Own Tax Revenue | โ | โ | โ | Rs 500 crore | Rs 600 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2016-17
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