Mizorams financial position shows significant improvement: cm

Aizawl, April 3 (PTI) Mizoram, Lalduhoma, said on Thursday that the state’s financial position has shown a significant improvement over the past one year due to various austerity measures that have taken his government. He said the ZPM regime retained a £ 1,093 crore cash balance at the Reserve Bank of India (RBI) at the end of 2024-2025, despite fiscal challenges. The state’s cash balance – the amount a government has to pay, salaries and other expenses – at the end of the fiscal 2023-2024 was £ 520, the CM said. The Zoram People’s Movement (ZPM) came to power in December 2023. Lalduhoma, who also owns the financing portfolio, said the retention of more than 1,000 crore cash balance is a rare in the context of Mizoram, as the figure was usually at £ 100-200 earlier. It also became negative when salaries and pensions for March were paid out in the first month of the new financial year (April) in the past, he said while addressing a function in Aizawl. “Despite fiscal challenges and due to austerity measures, we can retain a £ 1,093 crore cash balance with the RBI, as it is a clear indication of a clear improvement in the financial position of the state on April 1 on April 1 on April 1,” Lalduhoma said. The chief minister said that, except for one occasion, his government did not throw in an overdraft, as he accepted charge on December 8, 2023, he said. He claims that no ministers, MLAs or officials conceded to corruption during the one and three months of the ZPM government. Catch all the business news, economy news, news reports and online updates on live mint. Download Themint News -APP to get daily market updates. Business Newseconomymizorams financial position shows significant improvement: cm more less