Mizoram Finance Minister Lalsawta on Thursday 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 revenue surplus of Rs 1,787.10 crore. On the budget allocation on different sectors, the finance minister said among others Rs 750 crore were allocated for implementation of the New Economic Development Policy (NEDP). 50 crore were earmarked for maintenance of roads while Rs 657.64 crore for ongoing road construction as well as construction of new roads. Lalsawta expressed hope that the state’s revenue would increase after the implementation of the Goods and Services Tax (GST) from July.

Source: Indian Express March 16, 2017 10:07 UTC