Kohima, March 6 -- Chief Minister Neiphiu Rio presented the state budget for the year 2025-26 in the Nagaland Assembly and called it a budget for new initiatives.

Rio, who also holds the finance portfolio presented the deficit budget of Rs 843.21 crore for the year 2025-26, a release said.

Addressing the media after his budget speech at the Nagaland Legislative Assembly on Thursday, Rio said that the budget for 2025-26 was a budget for new initiatives.

He described the budget as balanced, with expenditure and receipts being equal; while demand remains high, the receipts and balance are positive. The budget benefits from a strong financial position and introduces new initiatives, the release said.

In his budget statement, he estimated ...