The Mizoram government aims to reduce its fiscal deficit through:

Borrowings can also be used to reduce the fiscal deficit. However, this is not a sustainable solution in the long run. The government will have to repay the loans with interest, which will increase its future expenditures.

Privatization is not a way to reduce the fiscal deficit. It is a way to raise revenue. However, the revenue from privatization is usually not enough to offset the loss of government revenue from the sale of assets.

In conclusion, the Mizoram government can reduce its fiscal deficit by controlling expenditures. This is the most effective way to reduce the deficit.