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Himachal Pradesh vs Maharashtra — Budget Comparison 2021-22

Side-by-side comparison of government budget data for FY 2021-22

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Key Budget Metrics — Himachal Pradesh vs Maharashtra

Total Expenditure

Himachal Pradesh

Rs 48,500 crore

Maharashtra

Rs 4.25 lakh crore

Himachal Pradesh is -88.6% lower
Total Receipts

Himachal Pradesh

Rs 36,000 crore

Maharashtra

Rs 3.45 lakh crore

Himachal Pradesh is -89.6% lower
Capital Expenditure

Himachal Pradesh

Rs 7,500 crore

Maharashtra

Rs 60,000 crore

Himachal Pradesh is -87.5% lower
Tax Revenue

Himachal Pradesh

Rs 12,200 crore

Maharashtra

Rs 2.25 lakh crore

Himachal Pradesh is -94.6% lower
Fiscal Deficit (% GDP)

Himachal Pradesh

5.9%

Maharashtra

2.3%

Himachal Pradesh is +156.5% higher
Interest Payments

Himachal Pradesh

Rs 6,300 crore

Maharashtra

Rs 45,000 crore

Himachal Pradesh is -86.0% lower

Receipts & Expenditure Comparison — 2021-22

ParticularsHimachal PradeshMaharashtraDifference
Total ReceiptsRs 36,000 croreRs 3.45 lakh crore-89.6%
Tax Revenue (Net)Rs 12,200 croreRs 2.25 lakh crore-94.6%
Non-Tax RevenueRs 7,800 croreRs 1.2 lakh crore-93.5%
Total ExpenditureRs 48,500 croreRs 4.25 lakh crore-88.6%
Revenue ExpenditureRs 41,000 croreRs 3.65 lakh crore-88.8%
Capital ExpenditureRs 7,500 croreRs 60,000 crore-87.5%
Interest PaymentsRs 6,300 croreRs 45,000 crore-86.0%
Fiscal DeficitRs 10,500 croreRs 72,000 crore-85.4%
Fiscal Deficit (% of GDP)5.9%2.3%—
Debt-to-GDP Ratio44.4%20.3%—

Himachal Pradesh — Revenue Composition

Maharashtra — Revenue Composition

Himachal Pradesh vs Maharashtra Budget Analysis 2021-22

Comparing the budgets of Himachal Pradesh and Maharashtra reveals how different states prioritize spending across sectors like education, health, infrastructure, and social welfare. State budgets are the primary instruments through which state governments allocate resources and implement welfare schemes.

Key differences in state budget structures emerge from revenue capacity (own tax revenue vs central transfers), expenditure priorities (capital investment vs revenue spending), and fiscal management (deficit levels and debt sustainability). Finance Commission recommendations determine how central tax revenue is shared with states.

For a broader view of how the central government allocates resources, see the India Union Budget 2021-22 analysis. You can also explore other budget comparisons across states and years.

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