Shillong: As part of its objective to achieve the 11 percent growth rate, Meghalaya has to keep itself on par with the national per capita income, Chief Minister Mukul Sangma said on Friday.

"We need to improve our per capita income to match and keep ourself on par with the nationand target of 11 percent growth," Sangma said.

Addressing a second leg of the 'Pre-Budget Consultation on Budget Allocation' here, the Chief Minister said, "the state government has been able to increase its resources from Rs 518 crore in 2007-08 to Rs 1037 crore in 2011-12 bringing down the fiscal deficit to below 3 percent and also reduce the debt – GSDP ratio to below 30 percent which is in conformity with the FRBM Act (Fiscal Responsibility and Budget Management Act)."

Meghalaya saw a 8.5 percent growth in 2010-11 and the state government expected its economy to hover at the 8 percent rate despite economic slowdown.

"As we approach the 12th year plan and chalk out our strategies for investment, the first year (2012-13) of the five year plan will actually spur us on how to structure our economy in a manner to enable us have a proper scheme in conformity with the expectation of the people."

Commenting on the importance of the pre-budget consultations, Mukul said, "it's high time the common man becomes part of the pre-budget consultation to meet their aspiration as well as buffer any negative ramification for the next generation and maintain due transparency.

Former state Home Minister R G Lyngdoh, former Indian representative to the UN Phrang Roy, prominent citizens and NGO leaders took active part in the pre-budget consultation.