The state government has also increased cess on minerals to mop up additional revenue.

"I am presenting the 2015-16 budget with a fiscal deficit of about Rs 819 crore which is around 2.8 per cent of the Gross State Domestic Product (GSDP)," Sangma told the Assembly while presenting the budget.

Estimating the total receipts at Rs 9,282 crore as compared to Rs 11,156 crore last year, he said revenue receipts are estimated at Rs 8,403 crore and capital receipts at Rs 879 crore.

The revenue shortfall was due to the impact of National Green Tribunal's ban on coal mining which reduced the state's revenue by Rs 600 crore annually, he explained.

In last financial year, the state's tax and non-tax revenue was estimated at Rs 1,885 crore, Sangma said, adding that the same is projected at Rs 1,347 crore for 2015-16.

The total expenditure has been estimated at Rs 9,583 crore, excluding repayment of loans and other liabilities, of which revenue expenditure is estimated at Rs 7,621 crore and capital expenditure at Rs 1,962 crore, the CM added.

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