Shillong, Meghalaya Chief Minister Conrad K Sangma on Monday presented A $A budget of Rs 32,023 crore for the financial year 2026-27, it projects a fiscal deficit of around 3.5 per cent of the state’s GDP.
The Prime Minister, who also holds the Finance Ministry, did not announce any new tax.
Presenting his ninth consecutive budget in the Assembly, Sangma said the government aims to strike a balance between fiscal discipline and accelerated growth under the ‘Vision 2032’ roadmap, which targets expanding the state’s economy three-fold during what he described as the ‘Decade of Meghalaya’.
A new 1,000-day mission to address child malnutrition has been announced with a allocation $127 Crores, whereas $Rs 244 crore has been allocated for nutrition programmes.
The budget estimates revenue receipts $26,583 crores and capital receipts $Rs 5,417 crore. Except for loans $5,379 crore, total revenue pegged at $Rs 26,621 crore,” Sangma told the assembly.
On the spending side, total spending is expected to reach $32,023 crore, with revenue expenditure estimated at $21,812 crore and capital expenditure $10,211 Crores. Capital expenditures exceeded $10,000 crore mark for the first time, he said.
After excluding loan repayments $2,731 crore, and the total actual expenditure is estimated at $Rs 29,293 crore,” he said.
Improved tax mobilization and strategic use of centrally supported schemes and externally supported projects have enabled a sharp increase in capital expenditure, Sangma added.
Interest payments for the financial year 2026-27 are estimated at $1,540 crore, while pension liabilities are expected to reach Rs 1,540 crore $1,980 crores,” the Prime Minister said.
Sangma said that the total transfers from the Center to… $21,229 crore, while the state’s tax revenue is expected to rise to Rs 21,229 crore. $4,720 crores.
He said the fiscal deficit was maintained within the permissible limit of 3.5 percent, which reflects the government’s emphasis on fiscal prudence while maintaining development spending.
Highlighting the economic performance of the state, the Chief Minister said that Meghalaya is currently the second fastest growing state in the country with a real growth rate under the state’s public security framework of 9.66 per cent and has maintained a growth of almost 10 per cent for three consecutive years.
Sangma said the state’s GDP is expected to reach $76,320 crore in 2026-27 with a target $85,000 Crores by 2028 and $1.35 million crore by 2032
Explaining the government’s ‘Mission 10’ strategy, the Prime Minister said high-value agriculture and horticulture remain key drivers of growth, with $Rs 664 crore.
New major value addition centres, expansion of strawberry cultivation and irrigation investments were among the key initiatives announced.
It will receive animal husbandry and fishing sectors $247 Crores $130 crore respectively to enhance rural livelihoods.
Tourism, arts and culture are allocated $376 crore, an increase of 57 per cent, with plans to develop world-class destinations in Umiam, Sohra, Dhuki-Chnungbading and Nokrek, Sangma said.
The government will also support 1,000 homestays under the Prime Minister’s Homestay Mission in Meghalaya.
The sport has received a major boost ahead of the 39th National Games to be hosted by Meghalaya in 2027.
Sangma suggested $844 Crore for Sports and Youth Affairs, incl $210 crores to organize the games and $Rs 400 crore for infrastructure like Maukhanu Football Stadium and international standard facilities in Umsauli.
You will receive entrepreneurship initiatives and skills $241 crore, with new schemes under CM-Elevate covering green taxis, adventure tourism and agricultural infrastructure.
The state is also targeting overseas employment and skill training at the village level to expand employment opportunities, Sangma said.
In the urban sector, $Rs 1,540 crore has been allocated for projects, including New Shillong City, waste management, redevelopment works and expansion of office complexes.
Major connectivity projects will continue under the Meghalaya Logistics and Connectivity Improvement Project $Rs 1,982 crore is allocated for road infrastructure.
Sangma said the government remains committed to universal piped water supply $571 crore for major water projects and $Rs 300 crore for works related to Jal Jeevan Mission.
The energy sector will receive $1,123 crore to strengthen transportation networks and hydropower projects $Rs 149 crore has been allocated for ICT and digital communication.
In the social sectors, the Ministry of Health will receive $2,472 crore, with continued expansion of medical infrastructure, including Shillong Medical College and new maternal and child health facilities.
Education is personalized $3,347 crore, including support for scholarships, infrastructure modernization and regular pay framework for fixed-pay teachers.
The housing initiatives will include completion of PMAY-Gramin targets and creation of new affordable housing complexes in urban areas.
Sangma said the government will continue to strengthen social welfare programs such as CM-CARE, FOCUS and SHG support, besides the Prime Minister’s new model village scheme aimed at transforming rural economies.
“The growth gains must reach every Megalayan,” Sangma said, adding that sustainable public investment, improved service delivery through digital platforms, and community-led development will remain central to the state’s strategy as it moves towards its “Vision 2032” goals.
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