SHILLONG: Meghalaya Finance Minister and Chief Minister Conrad K. Sangma on Monday presented the Budget Estimates for the financial year 2026–27 in the Meghalaya Legislative Assembly, projecting total receipts of ₹32,000 crore.
Of the total receipts, revenue receipts have been estimated at ₹26,583 crore, while capital receipts stand at ₹5,417 crore. Excluding borrowings of ₹5,379 crore, the total receipts for the year are pegged at ₹26,621 crore.
On the expenditure front, the government has projected total spending at ₹32,023 crore. Revenue expenditure is estimated at ₹21,812 crore, while capital expenditure has been fixed at ₹10,211 crore. After excluding loan repayments of ₹2,731 crore, the total expenditure is estimated at ₹29,293 crore.
The Finance Minister informed the House that interest payments for 2026–27 are estimated at ₹1,540 crore, while pension liabilities are projected at ₹1,980 crore. The state is expected to post a revenue surplus of ₹4,771 crore, with a closing balance of ₹714 crore at the end of the financial year.
Presenting the revised estimates for 2025–26, Sangma said the fiscal deficit is projected at ₹2,672 crore, which is around 3.5 per cent of the Gross State Domestic Product (GSDP). He added that the deficit has been kept within the permissible limit of 3.5 per cent, reflecting the government’s commitment to fiscal discipline.
Along with the main Budget document, the government also tabled the Climate, Youth, Gender, and Sustainable Development Goals (SDG) Budgets. The Climate Budget for 2026–27 stands at ₹5,572 crore, registering a 2.8 per cent increase over the previous year. The Youth Budget has been estimated at ₹4,824 crore, marking a 4 per cent rise, while the Gender Budget stands at ₹6,849 crore, reflecting a 10 per cent increase.
The Finance Minister said the Budget aims to balance growth-oriented spending with social welfare and environmental sustainability, while maintaining financial stability for the state.
