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Meghalaya CM presents deficit budget of Rs 1,150 crore for the fiscal year 2018-2019

Shillong News | Shillong | Mar 23, 2018

Chief Minister Conrad K Sangma presented a deficit budget of Rs 1,150 crore for the fiscal year 2018-2019, which is around 3.32 % of the GSDP.

Presenting the budget during the Assembly budget session today, Conrad said that the total receipts has been estimated at Rs 14.104 core and capital receipts at Rs 1573 crore. He also informed that excluding borrowing, the total receipts are estimated to be Rs 12,554 crore.


On the expenditure side, Chief Minister informed that the total expenditure has been estimated at Rs 14,101 crore during 2018-2019, of which revenue expenditure is estimated at Rs 12,036 crore and the capital expenditure is estimated at Rs 2,065 crore.

“The estimated total expenditure is Rs 13,704 crore,” Conrad said while adding that the interest repayment during 2018-2019 is estimated at Rs 653 crore and pension payment at Rs 784 crore.

Informing that the State’s own revenue in 2017-2018 was Rs 513 crore, Chief Minister said that for 2018-2019, the State own tax revenue is estimated at Rs 1716 and State own non-tax revenue is estimated at Rs 538 crore.

Meanwhile, he informed that during the year 2016-2017, the Gross State Domestic Product (GSDP) at current market price was Rs 28,445 crore, as per the quick estimates, which shows an increase of 9.5 % over the previous years.

“The advance estimates indicate that the GSDP for 2017-2018 is Rs 31,290 crore, an increase of 10 % over 2016-2017,” he said, adding, “The per capita income of the State at current price for the year 2017-2018 stands at Rs 89,432 as per the advance estimates as against Rs 85,141 in the year 2016-2017 showing an increase of about 5.04 %,” Chief Minister said.

 Sangma said that there is a scope for better collection in the coming years, in view of the major shift to the new tax regime of Goods and Services Tax.

He said the areas which need more focus and improvement will be identified and remedial steps will be taken. The finance minister also said more stress will be laid on scrutiny and assessment of returns of dealers under relevant Acts which have not been subsumed under the new regime in order to unlock revenue held up due to pending proceedings.

Meghalaya has been hailed as one of the best in the implementation of the MGNREGA especially in the creation of sustainable and durable assets, said Chief Minister and Finance Minister Conrad K. Sangma while presenting the Budget for the year 2018-19 in the state legislative assembly. The finance Minister has proposed a development outlay of 1457.94 crore rupees in the community and rural development sector for the coming fiscal. Conrad Sangma said the programmes such as Pradhan Mantri Awaas Yojana- Gramin, Deen Dayal Upadhaya Gramin Kaushal Yojana of the Ministry of Tribal Affairs and state sector schemes like Special Rural Works Programme and chief minister’s special rural development fund and community development schemes will continue to be implemented during the year for uplifting the living standard of the rural people.

Meghalaya: Conrad Sangma briefs Jaitley of Meghalaya’s poor fiscal health

SHILLONG, March 23, 2018: Meghalaya Chief Minister Conrad Sangma on Thursday called on Union Finance Minister Arun Jaitley and briefed him about the poor fiscal health of the state especially in terms of block crunch as well as the issue of the Sarva Shiksha Abhiyan.

Meghalaya: Three sites shortlisted for development of new landfill site in the city

SHILLONG, March 23, 2018: With the landfill sites at Marten, Mawlai Mawiong has outlive its life span, Urban Affairs Minister Hamletson Dohling told the Assembly that the Government have identified three sites for development of a new landfill site for Shillong city.

Opposition submits petition to discuss the killing of JYF president in Assembly

By Our Reporter, Shillong News | Shillong, March 22, 2018: 

Few days after a Jaintia youth leader and president of Jaintia Youth Federation (JYF) Pynpoihun Majaw was brutally murdered in Khliehriat in East Jaintia Hills, the Opposition has decided to take up the matter in the assembly for discussion and a petition has already been submitted in this regard.

We have to respect SC order: James Sangma on Champion’s release order

By Our Reporter, TNT News | Shillong, March 22, 2018: 

Two days after the Supreme Court issued an order for the immediate release of GNLA chairman Champion Sangma after it observed that he was detained illegally, the authority concerned is yet to release the cop-turned militant though it is expected that he will walk out free anytime soon.

Government likely to bring one more resolution on coal mining ban

By Our Reporter, Shillong News | Shillong, March 22, 2018:

The National People’s Party (NPP) led Meghalaya Democratic Alliance (MDA) Government is likely to bring one more resolution during the current Assembly Budget Session to urged the Centre to issue Presidential Notification seeking exemption from application of the Mines and Minerals (Development and Regulation) Act, 1957 and Coal Mines (Nationalization) Act, 1973.

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