Kohima: Nagaland is projected to end the financial year 2025-26 with a deficit of ₹843.21 crore, Chief Minister Neiphiu Rio announced while presenting the state budget in the Assembly.
Rio, who also holds the finance portfolio, stated that despite the negative balance, the fiscal deficit for 2024-25 had improved by ₹62.57 crore from the earlier projection of ₹905.78 crore, now estimated at ₹843.21 crore.
For the financial year 2025-26, the Chief Minister estimated the state’s gross receipts at ₹24,849.01 crore and gross expenditure at ₹24,699.01 crore. Breaking down the receipts, he said the state’s own tax and non-tax revenue is expected to generate ₹2,472.13 crore, while the share in central taxes has been projected at ₹8,093.70 crore. Central assistance, comprising grants and loans, is estimated at ₹8,216.25 crore. Internal debt, including Ways and Means Advances (WMA) from the Reserve Bank of India, is anticipated at ₹6,065.41 crore, while the recovery of loans and advances by the state government is pegged at ₹1.52 crore.
On the expenditure side, non-development expenditure is expected to reach ₹12,949.72 crore, while ₹5,930.05 crore has been earmarked for debt servicing, including the repayment of WMA. Development expenditure, including Centrally Sponsored Schemes (CSS), has been estimated at ₹5,819.24 crore, bringing the total projected expenditure to ₹24,699.01 crore.
Although the balance between gross receipts and expenditures results in a surplus of ₹150 crore, a net negative balance of ₹150 crore from public accounts offsets this, leaving the net current transactions for 2025-26 at zero. With a negative opening balance from the previous fiscal year’s deficit, the financial year 2025-26 is projected to close with a deficit of ₹843.21 crore.
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