Mizoram State Budget 2021-22 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2021-22
Mizoram State Budget 2021-22 Budget at a Glance
Total Receipts
Rs 9,500 crore
+11.8%
Total Expenditure
Rs 11,100 crore
+7.8%
Fiscal Deficit
7.3%
Rs 1,600 crore
Capital Expenditure
Rs 1,600 crore
+6.7%
Tax Revenue
Rs 1,100 crore
+22.2%
Interest Payments
Rs 800 crore
7% of expenditure
Mizoram Revenue Receipts 2021-22
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2021-22
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Mizoram 2021-22
The fiscal deficit for Mizoram in 2021-22 is 7.3% of GSDP (Rs 1,600 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 800 crore consume 7.2% of total expenditure.
Mizoram State Budget 2021-22 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 11,800 crore | 100% |
| 1. Revenue Receipts | Rs 9,500 crore | 80.5% |
| a. Own Tax Revenue | Rs 1,100 crore | 9.3% |
| b. Non-Tax Revenue | Rs 2,500 crore | 21.2% |
| B. Total Expenditure | Rs 11,100 crore | 100% |
| 1. Revenue Expenditure | Rs 9,500 crore | 85.6% |
| 2. Capital Expenditure | Rs 1,600 crore | 14.4% |
| of which: Interest Payments | Rs 800 crore | 7.2% |
| C. Fiscal Deficit | Rs 1,600 crore | 7.3% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Budget 2021-22 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 11,100 crore as post-pandemic recovery spending accelerates
- Revenue receipts at Rs 9,500 crore with own tax revenue rebounding to Rs 1,100 crore
- Revenue account balanced at zero deficit โ a rare fiscal achievement for the state
- Fiscal deficit at 7.3% of GSDP (Rs 1,600 crore), still elevated from pandemic borrowing norms
- Capital expenditure at Rs 1,600 crore with highway and border infrastructure priorities
- Market borrowings at Rs 1,700 crore continue the elevated post-pandemic trajectory
- Total outstanding debt at Rs 9,500 crore with debt-to-GSDP at 43.2%
- Interest payments at Rs 800 crore reflect the compounding cost of pandemic-era debt
- Non-tax revenue at Rs 2,500 crore sustained by Central scheme disbursements
- GSDP rebounds to Rs 22,000 crore with construction and services driving recovery
- Myanmar refugee crisis adds to state humanitarian and fiscal burden
- GST collections show strong post-pandemic recovery reflecting economic normalisation
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 10,300 crore | Rs 11,100 crore |
| Revenue Receipts | โ | โ | โ | Rs 8,500 crore | Rs 9,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,500 crore | Rs 1,600 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 9.5% | 7.3% |
| Own Tax Revenue | โ | โ | โ | Rs 900 crore | Rs 1,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2021-22
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