Mizoram State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2023-24
Mizoram State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 12,766 crore
+16.1%
Total Expenditure
Rs 16,105 crore
+27.8%
Fiscal Deficit
4.7%
Rs 1,863 crore
Capital Expenditure
Rs 2,128 crore
+18.2%
Tax Revenue
Rs 1,183 crore
-9.0%
Interest Payments
Rs 433 crore
3% of expenditure
Mizoram Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Mizoram 2023-24
The fiscal deficit for Mizoram in 2023-24 is 4.7% of GSDP (Rs 1,863 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 433 crore consume 2.7% of total expenditure.
Mizoram State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 16,046 crore | 100% |
| 1. Revenue Receipts | Rs 12,766 crore | 79.6% |
| a. Own Tax Revenue | Rs 1,183 crore | 7.4% |
| b. Non-Tax Revenue | Rs 902 crore | 5.6% |
| B. Total Expenditure | Rs 16,105 crore | 100% |
| 1. Revenue Expenditure | Rs 12,509 crore | 77.7% |
| 2. Capital Expenditure | Rs 2,128 crore | 13.2% |
| of which: Interest Payments | Rs 433 crore | 2.7% |
| C. Fiscal Deficit | Rs 1,863 crore | 4.7% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Department-wise Expenditure 2023-24
Top departments by allocation in Mizoram for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 2,000 crore | Rs 150 crore | Rs 2,150 crore | 13.3% |
2. Rural Development | Rs 1,150 crore | Rs 280 crore | Rs 1,430 crore | 8.9% |
3. Health & Family Welfare | Rs 880 crore | Rs 230 crore | Rs 1,110 crore | 6.9% |
4. Public Works & Roads | Rs 560 crore | Rs 520 crore | Rs 1,080 crore | 6.7% |
5. Police & Home | Rs 900 crore | Rs 80 crore | Rs 980 crore | 6.1% |
6. Agriculture & Allied | Rs 540 crore | Rs 140 crore | Rs 680 crore | 4.2% |
7. Social Welfare | Rs 480 crore | Rs 65 crore | Rs 545 crore | 3.4% |
8. Energy | Rs 360 crore | Rs 140 crore | Rs 500 crore | 3.1% |
9. Water Supply & Sanitation | Rs 230 crore | Rs 180 crore | Rs 410 crore | 2.5% |
10. Forestry & Environment | Rs 220 crore | Rs 45 crore | Rs 265 crore | 1.6% |
Mizoram Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 16,105 crore โ above original estimates
- Revenue receipts at Rs 12,766 crore with own tax at Rs 1,183 crore
- Revenue surplus of Rs 257 crore โ narrowest margin in recent years
- Fiscal deficit widened to 4.7% of GSDP (Rs 1,863 crore), above FRBM norm
- Capital expenditure at Rs 2,128 crore โ higher than budgeted
- Myanmar refugee crisis absorbed unbudgeted humanitarian resources
- Market borrowings at Rs 2,200 crore to fund expanded spending
- Outstanding debt at Rs 10,100 crore, debt-to-GSDP at 25.7%
- Interest payments at Rs 433 crore โ comfortable position
- Bamboo flowering cycle monitoring for potential mautam preparation
- New government took office in December 2023 after state elections
- GSDP at Rs 39,356 crore โ steady growth in micro-economy
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 12,600 crore | Rs 16,105 crore |
| Revenue Receipts | โ | โ | โ | Rs 11,000 crore | Rs 12,766 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,800 crore | Rs 2,128 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 6.4% | 4.7% |
| Own Tax Revenue | โ | โ | โ | Rs 1,300 crore | Rs 1,183 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2023-24
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.
Explore More
Compare Mizoram with other states
Side-by-side comparison of fiscal metrics across Indian states