Aizawl, August 29, 2025: The Comptroller and Auditor General (CAG) of India has presented the State Finances Audit Report for Mizoram for the fiscal year 2023-24. The report offers an in-depth evaluation of the state’s financial health, budget management, fiscal discipline, and accountability measures.
The report highlights a robust economic performance with the Gross State Domestic Product (GSDP) increasing by ₹4,889 crore (15.93 percent) from ₹30,690 crore in 2022-23 to ₹35,579 crore in 2023-24, outpacing the national GDP growth rate of 9.60 percent. Mizoram achieved a notable revenue surplus of ₹577.09 crore, marking a 203.91 percent increase compared to the previous year. The fiscal deficit was maintained within the Mizoram Fiscal Responsibility and Budget Management (FRBM) Act limit at 1.90 percent of GSDP.
Despite these positives, the report identifies certain financial management issues. Revenue surplus was overstated by ₹93.44 crore, and fiscal deficit understated by ₹112.96 crore due to non-provision of interest payments and lack of contributions to designated funds. Total revenue receipts increased by 11.01 percent, with tax receipts growing by 8.51 percent and non-tax receipts by 5.56 percent.
Expenditure analysis reveals a 7.38 percent rise in revenue expenditure alongside a 5.15 percent decline in capital expenditure. Interest payments surged 17.80 percent to ₹88.02 crore, consuming over 5 percent of total revenue receipts. Salary and wage bills constituted approximately 40 percent of revenue receipts, with pension payments nearing 18 percent.
A considerable amount of ₹523.59 crore remains blocked in capital expenditure on 68 incomplete projects dating back to 2023. Public debt receipts rose by 10.68 percent, while repayments escalated by 87.80 percent, with over half of the outstanding debt due within 10 years.
Budget utilization was nearly full, with ₹17,118.18 crore spent against a provision of ₹17,636.10 crore. However, supplementary provisions worth ₹698.64 crore proved unnecessary, and excess disbursements of ₹3,446.17 crore under certain grants and appropriations require legislative regularization.
Financial accountability issues include 32 outstanding utilization certificates amounting to ₹235.62 crore and delays in receipt of detailed contingent bills totaling ₹472.19 crore. Five annual accounts due for audit were not submitted as of September 2024.
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The CAG urges the Mizoram government to adhere strictly to the FRBM Act, ensure timely interest payments, rationalize expenditure to reduce debt burden, improve budget forecasting, and promptly clear outstanding financial documentation. Completing incomplete capital projects is emphasized to unlock socio-economic benefits and strengthen fiscal sustainability.
This audit report underscores Mizoram’s steady economic progress while highlighting critical areas for fiscal reforms and strengthened financial governance.
