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Kerala vs Maharashtra โ€” Budget Comparison 2026-27

Side-by-side comparison of government budget data for FY 2026-27

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Key Budget Metrics โ€” Kerala vs Maharashtra

Total Expenditure

Kerala

Rs 2.28 lakh crore

Maharashtra

Rs 7.69 lakh crore

Kerala is -70.4% lower
Total Receipts

Kerala

Rs 1.7 lakh crore

Maharashtra

Rs 6.16 lakh crore

Kerala is -72.5% lower
Capital Expenditure

Kerala

Rs 22,566 crore

Maharashtra

Rs 1.13 lakh crore

Kerala is -80.0% lower
Tax Revenue

Kerala

Rs 99,002 crore

Maharashtra

Rs 4.15 lakh crore

Kerala is -76.2% lower
Fiscal Deficit (% GDP)

Kerala

3.5%

Maharashtra

2.8%

Kerala is +25.0% higher
Interest Payments

Kerala

Rs 34,376 crore

Maharashtra

Rs 70,055 crore

Kerala is -50.9% lower

Receipts & Expenditure Comparison โ€” 2026-27

ParticularsKeralaMaharashtraDifference
Total ReceiptsRs 1.7 lakh croreRs 6.16 lakh crore-72.5%
Tax Revenue (Net)Rs 99,002 croreRs 4.15 lakh crore-76.2%
Non-Tax RevenueRs 21,356 croreRs 36,128 crore-40.9%
Total ExpenditureRs 2.28 lakh croreRs 7.69 lakh crore-70.4%
Revenue ExpenditureRs 2.05 lakh croreRs 6.57 lakh crore-68.8%
Capital ExpenditureRs 22,566 croreRs 1.13 lakh crore-80.0%
Interest PaymentsRs 34,376 croreRs 70,055 crore-50.9%
Fiscal DeficitRs 56,405 croreRs 1.5 lakh crore-62.5%
Fiscal Deficit (% of GDP)3.5%2.8%โ€”
Debt-to-GDP Ratio34.1%20.4%โ€”

Kerala โ€” Revenue Composition

Maharashtra โ€” Revenue Composition

Department-wise Allocation โ€” Kerala vs Maharashtra

DepartmentKeralaMaharashtraDifference
1. Education, Sports, Arts and Culture
Rs 30,525 crore
Rs 1.08 lakh crore
-71.9%
2. Transport
Rs 0
Rs 53,928 crore
-100.0%
3. Social Welfare and Nutrition
Rs 19,605 crore
Rs 53,430 crore
-63.3%
4. Rural Development
Rs 9,446 crore
Rs 39,294 crore
-76.0%
5. Agriculture and Allied Activities
Rs 8,772 crore
Rs 39,160 crore
-77.6%
6. Health and Family Welfare
Rs 12,078 crore
Rs 37,456 crore
-67.8%
7. Police
Rs 5,912 crore
Rs 33,700 crore
-82.5%
8. Welfare of SC, ST, OBC and Minorities
Rs 3,374 crore
Rs 32,580 crore
-89.6%
9. Urban Development
Rs 1,593 crore
Rs 26,277 crore
-93.9%
10. Energy
Rs 0
Rs 25,215 crore
-100.0%
11. Transport (incl. Roads and Bridges)
Rs 7,527 crore
Rs 0
โ€”
12. Irrigation and Flood Control
Rs 1,351 crore
Rs 0
โ€”

Kerala vs Maharashtra Budget Analysis 2026-27

Comparing the budgets of Kerala 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 2026-27 analysis. You can also explore other budget comparisons across states and years.

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