In a significant move for the state of Tripura, Finance Minister Pranajit Singha Roy unveiled a ₹32,423.44 crore budget for the fiscal year 2025-26 on Friday. The budget aims to introduce 13 new welfare initiatives targeting various groups, including job seekers, individuals with mental challenges, and visitors to the state capital. Importantly, the proposal does not include any new taxes, despite a projected deficit of ₹429.56 crore.

Emphasis on Capital Expenditure

The budget places a strong emphasis on capital expenditure, allocating ₹7,903 crore specifically to foster economic growth and job creation. Minister Roy highlighted the government’s commitment to inclusive development, stating, “With this budget, we aim to enhance infrastructure and create more employment opportunities for our youth.” This allocation sees an increase from ₹7,000 crore in the previous year’s budget.

• Key allocations:
  • ₹7,903 crore for capital expenditure
  • ₹2 crore for the Bharat Mata Canteen cum Night Shelter
  • ₹5,000 monthly pension for mentally challenged individuals

New Educational and Support Initiatives

To further support job aspirants, the Tripura government plans to establish coaching centers in Agartala, Udaipur, and Ambassa. These centers will provide quality preparation for various competitive exams. Additionally, a computer-based examination center will be set up at the Hapania International Fair Ground in West Tripura, ensuring that candidates can take online tests without the need to travel outside the state. This initiative will require an investment of ₹15 crore.

Welfare Initiatives for Vulnerable Groups

Roy also announced a new scheme aimed at supporting individuals with mental challenges, where they will receive a monthly pension of ₹5,000. This initiative is part of broader efforts to enhance the socio-economic conditions of Scheduled Tribe (ST) populations, funded through the World Bank-backed Tripura Rural Economic Growth and Service Delivery Project (TRESP).

Addressing State Debt Concerns

On the topic of the state’s financial health, the minister acknowledged the rising debt, which currently stands at ₹21,878.26 crore. “We inherited a debt of ₹12,903 crore from the previous administration, and our goal is to manage and repay these loans responsibly,” Roy noted. For the upcoming fiscal year, the state is permitted to borrow up to ₹1,225 crore, in line with the Fiscal Responsibility and Budget Management framework.

In summary, the newly introduced budget reflects Tripura’s commitment to enhancing infrastructure, supporting vulnerable groups, and fostering job creation. The government’s strategic focus on capital expenditure is expected to yield significant benefits for the state’s economy and its residents.