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Mizoram govt presenrs tax-free surplus budget

Press Trust of India  |  Aizawl 

Minister Lalsawta today presented a tax-free surplus budget for 2017-2018 amounting to Rs 8,803.10 crore.

The surplus is Rs 331.07 crore, he said, adding that the it was possible with the surplus of Rs 1,787.10 crore.

On the budget allocation on different sectors, the minister said among others Rs 750 crore were allocated for implementation of the New Economic Development Policy (NEDP).

He said that Rs 239. 50 crore were earmarked for maintenance of roads while Rs 657.64 crore for ongoing road construction as well as construction of new roads.

Rs 366.77 crore were allotted under Externally Aided Projects (EAP) for construction of roads and other infrastructure works with fund from the World and the Asian Development

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 proposals for hike of 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. 15:42 IST