Meghalaya CM presents ₹32,023-cr state budget for FY'27, no new tax proposed

In a significant move for the state of Meghalaya, Chief Minister Conrad Sangma presented a ₹32,023 crore budget for the fiscal year 2026-27, emphasizing a vision for sustainable growth and development. Notably, the budget did not propose any new taxes, aiming to provide relief to residents amidst economic challenges. The CM highlighted key allocations for infrastructure, health, and education, with a focus on enhancing the quality of life for citizens. The budget reflects the state government's commitment to balancing fiscal responsibility while addressing pressing social needs. Sangma's presentation also underscored the importance of leveraging central schemes and local resources to drive progress. The budget aims to boost local industries and promote employment opportunities, reinforcing the government's goal of self-reliance. As Meghalaya navigates its post-pandemic recovery, the budget is seen as a blueprint for fostering economic resilience and ensuring comprehensive development across various sectors.