Drawing attention to the news reports published in the local dailies relating to the closing deficit budget mentioned as Rs. 1374.17 crore for the financial year 2023-24, the department has clarified that this was the accumulated deficit. It said that for the year 2023- 24, for which the budget was presented by the chief minister, the deficit was Rs. 40 crore. Further, due to the releases of CSS backlog and Civil Deposits during 2022-23, the accumulated deficit has been reduced from Rs. 2212.74 crore to Rs. 1334.17 crore. This represents a huge reduction of deficit by Rs. 878.57 crore, the department stated.
EDITOR PICKS
Rebranding policies
Since the 2014 launch of the Act East Policy, Nagaland has been celebrated as a “gateway” to ASEAN markets in Myanmar, Thailand, and Bangladesh. Grand plans are announced-highways, trade facilitation centres, agricultural corridors yet for most smal...