Socio-economic up gradation of a state depends on the government policy and its implementation. The government should invest huge financial resource for infrastructural development in several times. The prudent management of capital receipts and expenditure may make the government more empowered to contribute for economic progress of the Nation. The development of the state can be accelerated by the state government with the efficient utilization of long term financial resources of the state exchequer. The main objective of the study is to ensure the overall performance of receipts for creation of assets for socio-economic development of the state. The study is mainly based on secondary source of data. The researcher has collected information from the Annual Financial Statement and Finance Account of The Government of Meghalaya. The investigation covers the periods 2010-11 to 2014-15. The budgeted public debts under the capital receipts have been increased in every year and the budgeted public debts is more than actual public debts. Therefore, the interest burden of the state government in relation to public debt is enhancing every year. The state government should have adequate policy for reducing the burden of the debt.