Shillong, Feb. 23 -- Meghalaya Chief Minister Conrad Sangma on Monday presented the state budget for the financial year 2026-2027 with a fiscal deficit of Rs 2,672 crore, which is around 3.5 per cent of the Gross State Domestic Product (GSDP).
During the 2025-2026 budget estimates, the fiscal deficit was Rs 1,970 crore, and this year's deficit is increasing by Rs 702 crore.
Presenting the budget for the year 2026-2027, Sangma, who holds the finance portfolio, informed the State Assembly that, excluding borrowings of Rs 5,379 Crore, the total receipts are estimated to be Rs 26,621 crore.
Similarly, excluding repayment of loans of Rs 2,731 crore, the estimated total expenditure is Rs 29,293 Crore, giving a fiscal deficit of Rs 2,672 crore....