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Mizoram government presenrs tax-free surplus budget

Press Trust of India  |  Aizawl 

Minister Lalsawta today presented a tax-free surplus budget of Rs 8,803 crore for 2017-2018.

Presenting the budget in the state Assembly, he said that Rs 239. 50 crore was earmarked for maintenance of roads while Rs 657.64 crore for ongoing road construction as well as construction of new roads.

Another Rs 366.77 crore was allocated under Externally Aided Projects (EAP) for construction of roads and other infrastructure work with fund from the World and the Asian Development

He said that Rs 750 crore was allocated for implementation of the New Economic Development Policy (NEDP).

Lalsawta expressed hope that the state's would increase after the implementation of the Goods and Services (GST) from July.

He said that he did not make any proposal for hike in the rates of taxes in his budget as the would supersede the whole regime.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 18:22 IST