<span style="color: #222222;">In Mizoram, Chief Minister Zoramthanga today presented the annual budget of the state with an outlay of Rs. 10,715 crore for 2020-21.&nbsp; In the budget, there is no new proposal for levying new taxes or enhancing tax rates.<br />'' <br />'' Chief Minister Zoramthanga, who also holds the finance department said that the government is expecting to increase the state's own tax and non-tax revenue at Rs 1,244.76 crore at an estimated growth of 20.50 per cent compared to 2019-2020 budget. He further said the target will be achieved not by levying fresh taxes but by more efficient tax collection. &nbsp; &nbsp;<br />'' <br />''<br />''Mr. Zoramthanga said that it is a surplus budget of Rs. 17.73 crore. The budget proposal has fixed the revenue expenditure estimated at Rs 9,021.85 crore, which is 84.20 per cent of the total budget. He said that the total fund earmarked for capital expenditure to the development of the State amounts to Rs 1693.15 crore, which is 15.80 per cent of the total estimated expenditure.&nbsp;</span><br />
News On AIR | February 19, 2020 7:30 PM
Mizoram CM presents annual state budget