Meghalaya Chief Minister Conrad K. Sangma on Monday presented the Budget for 2026–27 in the Meghalaya Legislative Assembly with a fiscal deficit of Rs 2,672 crore, which is about 3.5 percent of the state’s Gross State Domestic Product (GSDP), remaining within the permissible limit.
The total expenditure for the financial year has been estimated at Rs 32,023 crore, including Rs 21,812 crore under revenue expenditure and Rs 10,211 crore under capital expenditure. Excluding loan repayments of Rs 2,731 crore, the effective expenditure stands at Rs 29,293 crore.
Interest payments are estimated at Rs 1,540 crore, while pension payments are projected at Rs 1,980 crore. The state is expected to record a revenue surplus of Rs 4,771 crore with a closing balance of Rs 714 crore.
Presenting his ninth consecutive budget in the Assembly during the ongoing budget session, the Chief Minister said the financial plan reflects the government’s focus on fiscal discipline, infrastructure expansion, welfare programmes, and employment generation.
Sangma also presented thematic budgets, including a climate budget of Rs 5,572 crore and a gender budget of Rs 6,849 crore, highlighting the government’s emphasis on sustainable and inclusive development.
He informed that the budget was shaped by public feedback received through CM Connect programmes and discussions held during cabinet retreats, along with inputs from various departments.