Mizoram annual budget for the current fiscal year which was presented in the state legislature on November 11 by state finance Minister Lalsawta, amounting to Rs 6,770.79 crore, was approved by the assembly today.
After deliberations the Assembly passed the Mizoram Appropriation Bill, 2014 allowing the state government to spend the allocations of the budget for the current fiscal year.
The closing deficit for the current financial year was estimated at Rs 608.39 crore as against the opening deficit of Rs 357.18 crore.
Lalsawta, while presenting the budget had explained that he could not present the full budget during the budget session in March last and was compelled to seek vote-on-account for two times for a period of eight months due to late finalisation of the state annual plan outlay for 2014-15.
