Mizoram State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Mizoram FY 2024-25
Mizoram State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 12,386 crore
-3.0%
Total Expenditure
Rs 14,277 crore
-11.4%
Fiscal Deficit
2.8%
Rs 1,366 crore
Capital Expenditure
Rs 1,954 crore
-8.2%
Tax Revenue
Rs 1,312 crore
+10.9%
Interest Payments
Rs 446 crore
3% of expenditure
Mizoram Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Mizoram Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Mizoram 2024-25
The fiscal deficit for Mizoram in 2024-25 is 2.8% of GSDP (Rs 1,366 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 446 crore consume 3.1% of total expenditure.
Mizoram State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 14,412 crore | 100% |
| 1. Revenue Receipts | Rs 12,386 crore | 85.9% |
| a. Own Tax Revenue | Rs 1,312 crore | 9.1% |
| b. Non-Tax Revenue | Rs 1,122 crore | 7.8% |
| B. Total Expenditure | Rs 14,277 crore | 100% |
| 1. Revenue Expenditure | Rs 11,822 crore | 82.8% |
| 2. Capital Expenditure | Rs 1,954 crore | 13.7% |
| of which: Interest Payments | Rs 446 crore | 3.1% |
| C. Fiscal Deficit | Rs 1,366 crore | 2.8% of GSDP |
Source: Mizoram State Budget Documents via PRS India. All figures in Indian Rupees.
Mizoram Department-wise Expenditure 2024-25
Top departments by allocation in Mizoram for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 2,100 crore | Rs 170 crore | Rs 2,270 crore | 15.9% |
2. Rural Development | Rs 1,250 crore | Rs 260 crore | Rs 1,510 crore | 10.6% |
3. Health & Family Welfare | Rs 950 crore | Rs 210 crore | Rs 1,160 crore | 8.1% |
4. Public Works & Roads | Rs 620 crore | Rs 520 crore | Rs 1,140 crore | 8.0% |
5. Police & Home | Rs 970 crore | Rs 85 crore | Rs 1,055 crore | 7.4% |
6. Agriculture & Allied | Rs 600 crore | Rs 130 crore | Rs 730 crore | 5.1% |
7. Social Welfare | Rs 520 crore | Rs 70 crore | Rs 590 crore | 4.1% |
8. Energy | Rs 390 crore | Rs 130 crore | Rs 520 crore | 3.6% |
9. Water Supply & Sanitation | Rs 260 crore | Rs 170 crore | Rs 430 crore | 3.0% |
10. Forestry & Environment | Rs 240 crore | Rs 50 crore | Rs 290 crore | 2.0% |
Mizoram Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 14,277 crore with modest growth from prior year
- Revenue receipts of Rs 12,386 crore with own tax at Rs 1,312 crore
- Revenue surplus of Rs 564 crore โ stable current account management
- Fiscal deficit at 2.8% of GSDP (Rs 1,366 crore), within FRBM limits
- Capital expenditure at Rs 1,954 crore โ roads and water supply dominate
- Bamboo industry development and processing infrastructure receive support
- Literacy champion status maintained with Rs 2,270 crore education allocation
- Forest cover management balancing conservation and livelihood needs
- Outstanding debt at Rs 11,200 crore, debt-to-GSDP at 23.3%
- Interest payments at Rs 446 crore โ negligible fiscal burden
- Myanmar border refugee influx created unbudgeted humanitarian spending
- GSDP at Rs 48,038 crore โ anomalous high figure may reflect estimation methodology
Compare Mizoram Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 16,105 crore | Rs 14,277 crore |
| Revenue Receipts | โ | โ | โ | Rs 12,766 crore | Rs 12,386 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,128 crore | Rs 1,954 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.7% | 2.8% |
| Own Tax Revenue | โ | โ | โ | Rs 1,183 crore | Rs 1,312 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Mizoram State Budget 2024-25
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