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State of Tripura
Thursday, April 24, 2025

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Tripura Finance Minister Presents Tax-Free Budget with Focus on Growth

Tripura Net
Tripura Net
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Tripura Finance Minister Pranajit Singha Roy presented the state’s tax-free deficit budget of ₹32,423 crore for 2025-26, emphasizing inclusive development and economic growth despite limited revenue sources.

Capital Expenditure Boost for Infrastructure and Employment

The budget estimate has increased by over ₹4,500 crore from the previous year, prioritizing capital expenditure with an allocation of ₹7,903 crore, accounting for 19.14% of the total budget. Singha Roy stated that enhanced infrastructure development would generate employment and boost the state’s economy.

Increased Funding for Key Sectors

Significant allocations were made to education (₹6,166.19 crore, +11.94%), health (₹1,948 crore, +12.89%), and agriculture and allied sectors (₹1,885.42 crore, +9.49%). Additionally, ₹3,685 crore was earmarked for panchayat and rural development.

Revenue Growth and Deficit Management

The state’s own tax revenue has increased to ₹3,748 crore, with projections of reaching ₹4,010 crore, while non-tax revenue is expected at ₹504 crore. The budget proposes a deficit of ₹429.56 crore, which the government expects to manage through higher receipts from the 16th Finance Commission and improved tax collection.

New Welfare Schemes Announced

The minister announced 13 new schemes, including:

  • ₹10 crore for ‘Mukhya Mantri Kanya Vikas Yojana’, providing a ₹50,000 one-time grant for marriage of girls from the Antyodaya category.
  • ₹5,000 monthly pension for mentally challenged persons.
  • ₹2 crore for ‘Bharat Mata Canteen cum Night Shelter’ in Agartala for visiting commoners.
  • ₹15 crore to establish coaching centers and a computer-based examination center.

The state government remains committed to prudent financial management, ensuring long-term debt repayment while driving economic growth.

 

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