Kohima, Mar 19 : The Nagaland Assembly today passed a surplus budget for 2016-17 amounting to Rs 13,658.74 crore by voice vote.
The budget imposed no fresh tax. The budget 2016-17 has an increase of Rs 1066.06 crore over the previous year, which was Rs. 12,592.69 crore.
The Budget was laid in the House on March 17 by Chief Minister T R Zeliang, who also holds Finance Portfolio.Also Read - Naga Political Issue: Nagaland Assembly Passes Resolution For One Final Solution
It was passed through Nagaland Appropriation (No.2) Bill, 2016 authorising payment and appropriation of Rs 13658,74,56,000 out of the Consolidated Fund of the State of Nagaland to the services of the year ending March 31, 2017. Chief Minister Zeliang also laid copies of the Comptroller and Auditor General (CAG) report for the year ending March 31, 2015. (Also Read: Goa Budget will help in resumption of mining, feels industry) Also Read - Why India's Nagaland is Known as The Falcon Capital of World - Best Places to Visit in This Northeastern State
Subsequently, Speaker Chotisuh Sazo adjourned the 11th session of the 12th Nagaland Legislative Assembly sine die after announcing the constitution of various financial and non-financial committees and panel of chairmen for 2016-17. Being the last day of the five day session which commenced on March 15, today s proceedings lasted merely 13 minutes. Also Read - 'Entry to State Assembly on July 30 After COVID Testing', Announces Nagaland Government