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Mizoram Facing Financial Crisis Due to Covid-19 and Other Problems: CM Zoramthanga
News 18Mizoram Chief Minister Zoramthanga on Friday said the state is reeling under a financial crisis due to COVID-19 coupled with multiple problems, including the outbreak of the African Swine Fever. He said that a severe drop in the quantum of revenue collection at the Centre due to the outbreak of COVID-19 has led to a significant reduction in the state’s share of taxes, which inevitably let the state suffered a financial crunch. Though we have passed annual budget amounting to crores of rupees, the outbreak of COVID-19 has greatly reduced the quantum of revenue collection at the Central government, which in turn greatly affected our state’s share of taxes,” the chief minister said. The state’s financial crunch was aggravated by repayment of state’s liabilities amounting to Rs 150 crore and meeting the states matching share to the World Bank, he said.
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Mizoram facing financial constraints, Rs 3,500 crore due from Centre: CM Zoramthanga
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