While the Planning Commission allotted Rs 1,700 crore or the state's annual plan outlay, the non-plan component amounted to Rs 2,410.27 crore and the devolution of funds expected from the North Eastern Council and the Centrally Sponsored Scheme are Rs 54.90 crore and Rs 50.90 crore respectively.
Presenting the budget in the house, Liansailova said Mizoram's economy was projected to grow at 9.57 per cent during 2010-11 as against the national growth projection at 8.6 per cent during the same period. He added that the GSDP projection for the current fiscal at current prices stood at 7,216.75 crore and described the growth rate as "quite encouraging".
Liansailova, however, said the Economic Survey revealed that for the current financial year, the services sector continued to be the dominating one with its share of 59.47 per cent, followed by industry at 21.97 per cent and agriculture at 18.56 per cent.
"There's a slight improvement in the industry sector in comparison with last year's growth rate. The agriculture sector shows a declining growth rate and the government should invest more on industries and agriculture sectors for a balanced growth," he said.
Liansailova also allocated Rs 1,000 lakh to be utilized at the rate of Rs 25 lakh per assembly constituency as part of the MLA local area development scheme. The state government's flagship programme, the New Land Use Policy (NLUP) remained the top priority of the cabinet, he said, adding that Rs 234.82 crore was allocated for implementation of the programme during 2010-11 and Rs 234 crore was re-allocated to continue the scheme in this financial year.
The finance minister proposed several measures to increase the state's own resources by upward revision of tax and non-tax reveunes. He said while the sales tax levied on petrol, diesel and LPG were already increased, upward revision of user charges on water supply and various taxes under the state transport department were being processed.