Financial position of Meghalaya "not very good", admits CS

There is a shortfall of Rs 727 crore. This is a big amount for a small state like Meghalaya.
Financial position of Meghalaya "not very good", admits CS
Meghalaya Secretariat (Rilang Building)TNT Photos

SHILLONG:

Meghalaya Chief Secretary MS Rao on Wednesday admitted that the financial position of the state is "not very good" and informed that the shortfall on the share of the central taxes between April to October 2020 is Rs 727 crore.

"We are more or less dependent on the share of central taxes since the State-owned revenue is very less," Rao told reporters here.

Informing that the total budget estimate is Rs 3000 crore for these seven months, he said that so far, the state has received Rs 2273 crore.

"Therefore, there is a shortfall of Rs 727 crore. This is a big amount for a small state like Meghalaya," the Chief Secretary informed.

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Stating that Meghalaya has no control of the situation, Rao informed that Chief Minister Conrad K. Sangma has been sending representations to the Government of India, seeking financial aid amid the constraints.

"We are hoping that in the last three months of the financial year, a release in the share of the central taxes would be better," the Meghalaya Chief Secretary said.

When asked if the government would be able to pay the salary of the government employees, Rao said that the government would not face the problem in paying the employees' salary even though they may not be able to pay the arrears in full.

(Edited by Ibankyntiew Mawrie)

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