Maharashtra vs Madhya Pradesh — Budget Comparison 2023-24
Side-by-side comparison of government budget data for FY 2023-24
Key Budget Metrics — Maharashtra vs Madhya Pradesh
Maharashtra
Rs 5.72 lakh crore
Madhya Pradesh
Rs 3 lakh crore
Maharashtra
Rs 4.7 lakh crore
Madhya Pradesh
Rs 2.32 lakh crore
Maharashtra
Rs 82,000 crore
Madhya Pradesh
Rs 67,178 crore
Maharashtra
Rs 2.4 lakh crore
Madhya Pradesh
Rs 87,545 crore
Maharashtra
2.7%
Madhya Pradesh
3.6%
Maharashtra
Rs 47,000 crore
Madhya Pradesh
Rs 25,000 crore
Receipts & Expenditure Comparison — 2023-24
| Particulars | Maharashtra | Madhya Pradesh | Difference |
|---|---|---|---|
| Total Receipts | Rs 4.7 lakh crore | Rs 2.32 lakh crore | +102.8% |
| Tax Revenue (Net) | Rs 2.4 lakh crore | Rs 87,545 crore | +174.1% |
| Non-Tax Revenue | Rs 33,000 crore | Rs 17,301 crore | +90.7% |
| Total Expenditure | Rs 5.72 lakh crore | Rs 3 lakh crore | +90.9% |
| Revenue Expenditure | Rs 4.9 lakh crore | Rs 2.31 lakh crore | +112.0% |
| Capital Expenditure | Rs 82,000 crore | Rs 67,178 crore | +22.1% |
| Interest Payments | Rs 47,000 crore | Rs 25,000 crore | +88.0% |
| Fiscal Deficit | Rs 1.02 lakh crore | Rs 54,449 crore | +87.3% |
| Fiscal Deficit (% of GDP) | 2.7% | 3.6% | — |
| Debt-to-GDP Ratio | 17.4% | —% | — |
Maharashtra — Revenue Composition
Madhya Pradesh — Revenue Composition
Department-wise Allocation — Maharashtra vs Madhya Pradesh
| Department | Maharashtra | Madhya Pradesh | Difference |
|---|---|---|---|
1. Education | Rs 63,000 crore | Rs 43,000 crore | +46.5% |
2. Urban Development | Rs 48,000 crore | Rs 0 | — |
3. Rural Development | Rs 41,000 crore | Rs 13,500 crore | +203.7% |
4. Health & Family Welfare | Rs 31,000 crore | Rs 19,500 crore | +59.0% |
5. Social Welfare & Nutrition | Rs 0 | Rs 30,500 crore | -100.0% |
6. Agriculture & Allied | Rs 27,000 crore | Rs 20,000 crore | +35.0% |
7. Water Supply & Sanitation | Rs 26,000 crore | Rs 9,200 crore | +182.6% |
8. Energy | Rs 25,000 crore | Rs 22,000 crore | +13.6% |
9. Transport & Roads | Rs 21,000 crore | Rs 8,800 crore | +138.6% |
10. Police & Home | Rs 20,000 crore | Rs 9,400 crore | +112.8% |
11. Social Justice | Rs 18,000 crore | Rs 0 | — |
12. Water Resources & Irrigation | Rs 0 | Rs 13,000 crore | -100.0% |
Maharashtra vs Madhya Pradesh Budget Analysis 2023-24
Comparing the budgets of Maharashtra and Madhya Pradesh 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 2023-24 analysis. You can also explore other budget comparisons across states and years.
Related Budget Comparisons
Explore More Comparisons
Compare any two states, union territories, or India across 17 financial years