Mumbai: The Maharashtra government has successfully kept its fiscal deficit within 3% of the state’s Gross State Domestic Product (GSDP), in compliance with the Fiscal Responsibility and Budget Management (FRBM) Act, while significantly increasing expenditure for infrastructure development and welfare programs.
The fiscal deficit for 2025-26 is estimated at ₹1,36,235 crore, reflecting the state’s commitment to balancing growth-oriented spending with fiscal responsibility. Meanwhile, the revenue deficit has been maintained below 1% of GSDP, reinforcing Maharashtra’s disciplined financial management.
Budget 2025-26: Key Fiscal Indicators
• Total Expenditure: ₹7,00,020 crore
• Revenue Receipts: ₹5,60,964 crore
• Revenue Expenditure: ₹6,06,855 crore
• Revenue Deficit: ₹45,891 crore
• Fiscal Deficit: ₹1,36,235 crore (within 3% of GSDP)
The revised estimates for 2024-25 indicate a significant rise in revenue receipts and expenditure due to increased investments in infrastructure, welfare schemes, and capital projects.
• Revenue Receipts (BE 2024-25): ₹4,99,463 crore → Revised Estimate: ₹5,36,463 crore
• Total Expenditure (BE 2024-25): ₹6,12,293 crore → Revised Estimate: ₹6,72,030 crore
The increase in spending has been attributed to rising investments in public infrastructure, capital projects, and welfare initiatives.
Major Allocations in Budget 2025-26
• District Annual Plan: ₹20,165 crore (₹2,000 crore increase from the previous year).
• Annual Plan Outlay: ₹2,54,560 crore for scheme-based expenditures, including:
• ₹22,658 crore for Scheduled Caste Component Programme.
• ₹21,495 crore for Tribal Development Programme.
Government’s Fiscal Strategy
Despite higher spending, the Maharashtra government remains committed to fiscal prudence by: Maintaining the fiscal deficit within statutory limits as per the FRBM Act. Increasing capital expenditure for long-term economic benefits. Prioritizing welfare and development while ensuring financial stability.
The budget reflects a balanced approach that promotes economic growth and social welfare while adhering to responsible financial management.
