Aizawl, February 26: The Mizoram Government on Thursday presented its Budget for the financial year 2026–27, laying strong emphasis on fiscal consolidation, infrastructure development and long-term economic transformation aligned with Vision 2047.
 |
| Mizoram Chief Minister presents the Budget 2026–27 in the State Assembly, outlining fiscal reforms and Vision 2047 roadmap. (Image: X@DDNewsMizoram) |
Presenting his third consecutive Budget, the Finance Minister stated that the Government aims to strengthen public finances while accelerating development in infrastructure, education, health, agriculture and social welfare. The Budget has been framed with the goal of contributing to Viksit Bharat 2047 and positioning Mizoram as a growth driver, with a target of contributing 1% to India’s GDP by 2047.
Key Highlights
The Gross State Domestic Product (GSDP) for 2026–27 (BE) is projected at ₹43,817.09 crore, reflecting an estimated growth of 10.85% over the revised estimate of 2025–26.
Total Revenue Receipts are estimated at ₹14,994.31 crore, while Capital Receipts are projected at ₹2,475.60 crore, taking the total projected receipts to ₹17,469.92 crore.
Total expenditure for 2026–27 (BE) stands at ₹17,076.92 crore, comprising:
• ₹14,094.47 crore under Revenue Expenditure
• ₹2,982.44 crore under Capital Expenditure
The Revenue Surplus for 2026–27 is estimated at ₹899.84 crore. However, the Revised Estimate for 2025–26 indicates a revenue deficit of ₹376.41 crore due to lower central tax devolution and additional expenditure commitments.
The Fiscal Deficit for 2026–27 is projected at 3.81% of GSDP, down from 7.56% in the revised estimate of 2025–26, signalling renewed efforts towards fiscal discipline.
Major Initiatives and Allocations
Under the flagship Handholding Scheme (Bana Kaih), ₹350 crore has been earmarked for 2026–27 to support livelihoods and entrepreneurship.
The Mizoram Universal Healthcare Scheme, launched in April 2025, has empanelled 96 hospitals within the State and 33 outside. Over 85,000 subscribers have availed benefits, with claims exceeding ₹129 crore settled so far.
ALSO READ: Heroin Worth ₹9.18 Lakh Destroyed by Lunglei District Disposal Committee
Capital expenditure has been significantly boosted through the Government of India’s Special Assistance to States for Capital Investment (SASCI). Mizoram is set to avail ₹1,519 crore under the scheme during the current financial year.
The Economic Services sector has been allocated ₹4,216.84 crore, marking a 19.85% increase over the previous year, with substantial provisions for power purchase, road maintenance, agriculture support and food security.
Under Social Services, ₹5,069.27 crore has been allocated for education, health, welfare and local administration, reflecting continued focus on human development.
Debt and Financial Management
The total outstanding liabilities for 2026–27 are estimated at ₹19,085.15 crore, with the Debt–GSDP ratio projected at 43.56%. The Government reiterated its commitment to prudent debt management and reduction of committed liabilities.
A supplementary demand of ₹3,724.25 crore has also been placed for 2025–26 to accommodate higher releases under Centrally Sponsored Schemes and capital investment support.
Concluding the presentation, the Finance Minister described the Budget as a calibrated fiscal instrument aimed at sustainable growth, improved service delivery and long-term structural transformation of Mizoram’s economy.
