Nagaland Economic Association in collaboration with Department of Economics, Nagaland University organised an online lecture on ‘State Budget 2024-2025: A comprehensive perspective’ on April 5
Dimapur, April 6 (MExN): The Nagaland Economic Association (NEA), in collaboration with the Department of Economics, Nagaland University organised a one-day online lecture series on ‘State Budget 2024-2025: A comprehensive perspective’ on April 5. The event aimed to delve into the intricacies of the Nagaland State Budget for the fiscal year 2024-2025, providing valuable insights and perspectives for stakeholders and the public.
The speaker for the session was Nayantara Sasikumar, Officer in the Indian Economic Service (IES), Joint Director, Department of Economic Affairs, and Officer on Special Duty Department of Planning and Transformation, Government of Nagaland. Sasikumar delivered a detailed overview of the State Budget 2024-2025, highlighting key aspects such as total expenditure, total receipts, fiscal deficit, and policy directions.
During her presentation, Sasikumar addressed various issues concerning the budget, including the limited reliance on the state's own tax revenue, dependency on central grants and tax shares, and sectoral allocation disparities. She proposed measures such as enhancing the state's tax revenue, boosting non-tax revenues, curtailing revenue expenditure, and advocating for projections and fiscal sustainability studies.
Earlier, the session was moderated by Dr Renbeni Kikon, Assistant Professor at Nagaland University, and NEA Lecture Series Convenor. Professor B Kilangla Jamir, in his opening remarks, emphasised the critical role of the state budget in fostering responsible financial management, efficient governance, and overall development.
The session concluded with an interactive session where participants engaged in constructive discussions, followed by a vote of thanks delivered by Welisou Mero, a Research Scholar at Department of Economics, Nagaland University.
