Maharashtra Budget — 2023-24 vs 2025-26
Year-over-year budget comparison showing how Maharashtra's fiscal priorities have changed
Budget Growth — 2023-24 vs 2025-26
2023-24
Rs 5.72 lakh crore
2025-26
Rs 7 lakh crore
2023-24
Rs 4.7 lakh crore
2025-26
Rs 5.64 lakh crore
2023-24
Rs 82,000 crore
2025-26
Rs 90,343 crore
2023-24
Rs 2.4 lakh crore
2025-26
Rs 2.85 lakh crore
2023-24
2.7%
2025-26
2.8%
2023-24
Rs 47,000 crore
2025-26
Rs 56,235 crore
Receipts & Expenditure — Year-over-Year Change
| Particulars | 2023-24 | 2025-26 | Difference |
|---|---|---|---|
| Total Receipts | Rs 4.7 lakh crore | Rs 5.64 lakh crore | -16.6% |
| Tax Revenue (Net) | Rs 2.4 lakh crore | Rs 2.85 lakh crore | -15.8% |
| Non-Tax Revenue | Rs 33,000 crore | Rs 42,000 crore | -21.4% |
| Total Expenditure | Rs 5.72 lakh crore | Rs 7 lakh crore | -18.3% |
| Revenue Expenditure | Rs 4.9 lakh crore | Rs 6.1 lakh crore | -19.6% |
| Capital Expenditure | Rs 82,000 crore | Rs 90,343 crore | -9.2% |
| Interest Payments | Rs 47,000 crore | Rs 56,235 crore | -16.4% |
| Fiscal Deficit | Rs 1.02 lakh crore | Rs 1.36 lakh crore | -25.1% |
| Fiscal Deficit (% of GDP) | 2.7% | 2.8% | — |
| Debt-to-GDP Ratio | 17.4% | 15.8% | — |
Department Allocation Changes — 2023-24 vs 2025-26
Which departments gained or lost budget share between 2025-26 and 2023-24
| Department | 2023-24 | 2025-26 | Difference |
|---|---|---|---|
1. Education | Rs 63,000 crore | Rs 76,000 crore | -17.1% |
2. Urban Development | Rs 48,000 crore | Rs 60,000 crore | -20.0% |
3. Rural Development | Rs 41,000 crore | Rs 50,000 crore | -18.0% |
4. Health & Family Welfare | Rs 31,000 crore | Rs 38,000 crore | -18.4% |
5. Water Supply & Sanitation | Rs 26,000 crore | Rs 34,000 crore | -23.5% |
6. Agriculture & Allied | Rs 27,000 crore | Rs 33,000 crore | -18.2% |
7. Energy | Rs 25,000 crore | Rs 30,000 crore | -16.7% |
8. Transport & Roads | Rs 21,000 crore | Rs 27,000 crore | -22.2% |
9. Police & Home | Rs 20,000 crore | Rs 25,000 crore | -20.0% |
10. Social Justice | Rs 18,000 crore | Rs 23,000 crore | -21.7% |
How Has Maharashtra's Budget Changed from 2025-26 to 2023-24?
Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.
Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.
Explore the full 2023-24 budget analysis or view all available comparisons.
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