Sikkim presents ₹16,196 crore budget for 2025-26

Sikkim's Chief Minister Prem Singh Tamang presented a budget of ₹16,196 crore for the fiscal year 2025-26 in the state assembly on March 26. The budget focuses on empowering youth, uplifting farmers, and investing in infrastructure. The budget includes ₹11,028 crore for revenue expenses and ₹5,168 crore for capital investments. A major portion, ₹5,519 crore, is expected from the Centre in tax devolution. The central government will also provide ₹2,600 crore in grants and aid. Additionally, Sikkim plans to generate ₹2,076 crore from its own tax revenues and ₹1,007 crore from non-tax revenues. Tamang emphasized that the budget aims to strengthen Sikkim's economy and promote development that benefits all citizens. He highlighted the government's commitment to fiscal prudence and sustainable development. The chief minister believes that effective governance will drive economic growth, social equality, and environmental sustainability. The budget allocates ₹2,896 crore for contributions to centrally sponsored schemes. It includes strategic investments in key sectors such as infrastructure, education, healthcare, and tourism. Tamang noted the challenges posed by the state's mountainous terrain and climate change, and stated that his government is focused on fostering innovation and resilience. After Tamang's 37-minute speech, Speaker M N Sherpa announced that discussions on the budget would continue the next day. Governor OM Prakash Mathur praised Sikkim as a peaceful state and commended Tamang for good governance and quality services. He expressed confidence that Sikkim will continue to progress under Tamang's leadership.