Mizoram State Budget 2022-23 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2022-23
Mizoram State Budget 2022-23 Budget at a Glance
Total Receipts
Rs 11,000 crore
+15.8%
Total Expenditure
Rs 12,600 crore
+13.5%
Fiscal Deficit
6.4%
Rs 1,600 crore
Capital Expenditure
Rs 1,800 crore
+12.5%
Tax Revenue
Rs 1,300 crore
+18.2%
Interest Payments
Rs 900 crore
7% of expenditure
Mizoram Revenue Receipts 2022-23
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2022-23
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Mizoram 2022-23
The fiscal deficit for Mizoram in 2022-23 is 6.4% 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 900 crore consume 7.1% of total expenditure.
Mizoram State Budget 2022-23 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 13,500 crore | 100% |
| 1. Revenue Receipts | Rs 11,000 crore | 81.5% |
| a. Own Tax Revenue | Rs 1,300 crore | 9.6% |
| b. Non-Tax Revenue | Rs 3,000 crore | 22.2% |
| B. Total Expenditure | Rs 12,600 crore | 100% |
| 1. Revenue Expenditure | Rs 10,800 crore | 85.7% |
| 2. Capital Expenditure | Rs 1,800 crore | 14.3% |
| of which: Interest Payments | Rs 900 crore | 7.1% |
| C. Fiscal Deficit | Rs 1,600 crore | 6.4% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Budget 2022-23 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 12,600 crore as pre-election spending accelerates ahead of November 2023 polls
- Revenue receipts at Rs 11,000 crore with own tax revenue at Rs 1,300 crore โ a record high
- Revenue deficit of Rs 200 crore as election-year spending pushes up revenue expenditure
- Fiscal deficit at 6.4% of GSDP (Rs 1,600 crore), narrowing from pandemic peaks
- Capital expenditure at Rs 1,800 crore with highway projects reaching peak execution
- Total outstanding debt at Rs 10,800 crore with debt-to-GSDP at 43.2%
- Interest payments at Rs 900 crore continue their upward trajectory
- Market borrowings at Rs 1,800 crore maintain the elevated post-pandemic level
- GSDP grows to Rs 25,000 crore with services and construction as key drivers
- Non-tax revenue at Rs 3,000 crore reflects robust Central flows under PM-DevINE
- GST compensation cess regime ends in June 2022, creating future revenue uncertainty
- Election-year spending on welfare and visible infrastructure projects elevates expenditure
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 11,100 crore | Rs 12,600 crore |
| Revenue Receipts | โ | โ | โ | Rs 9,500 crore | Rs 11,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,600 crore | Rs 1,800 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 7.3% | 6.4% |
| Own Tax Revenue | โ | โ | โ | Rs 1,100 crore | Rs 1,300 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2022-23
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