Nagaland CM Rio presents Rs 337cr deficit budget for 2026-27

Dimapur: Nagaland CM Neiphiu Rio, who also holds the finance portfolio, presented a Rs 337.04 crore deficit budget for 2026-27 during the 8th session of the 14th Nagaland Legislative Assembly in Kohima on Thursday. Rio highlighted fiscal consolidation, improved revenue collection and targeted developmental interventions aimed at strengthening local economies, empowering youth, and promoting sustainable growth. Presenting the budget, Rio said though it projected a net surplus of Rs 74.77 crore, the year is expected to close with a net deficit of Rs 337.04 crore due to the negative opening balance of Rs 411.81 crore.