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Maharashtra vs Madhya Pradesh — Budget Comparison 2024-25

Side-by-side comparison of government budget data for FY 2024-25

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Key Budget Metrics — Maharashtra vs Madhya Pradesh

Total Expenditure

Maharashtra

Rs 6.12 lakh crore

Madhya Pradesh

Rs 3.26 lakh crore

Maharashtra is +87.6% higher
Total Receipts

Maharashtra

Rs 4.99 lakh crore

Madhya Pradesh

Rs 2.63 lakh crore

Maharashtra is +89.7% higher
Capital Expenditure

Maharashtra

Rs 86,295 crore

Madhya Pradesh

Rs 61,633 crore

Maharashtra is +40.0% higher
Tax Revenue

Maharashtra

Rs 2.56 lakh crore

Madhya Pradesh

Rs 1.02 lakh crore

Maharashtra is +150.4% higher
Fiscal Deficit (% GDP)

Maharashtra

2.6%

Madhya Pradesh

4.1%

Maharashtra is -36.7% lower
Interest Payments

Maharashtra

Rs 50,355 crore

Madhya Pradesh

Rs 27,400 crore

Maharashtra is +83.8% higher

Receipts & Expenditure Comparison — 2024-25

ParticularsMaharashtraMadhya PradeshDifference
Total ReceiptsRs 4.99 lakh croreRs 2.63 lakh crore+89.7%
Tax Revenue (Net)Rs 2.56 lakh croreRs 1.02 lakh crore+150.4%
Non-Tax RevenueRs 36,940 croreRs 20,603 crore+79.3%
Total ExpenditureRs 6.12 lakh croreRs 3.26 lakh crore+87.6%
Revenue ExpenditureRs 5.26 lakh croreRs 2.62 lakh crore+101.0%
Capital ExpenditureRs 86,295 croreRs 61,633 crore+40.0%
Interest PaymentsRs 50,355 croreRs 27,400 crore+83.8%
Fiscal DeficitRs 1.1 lakh croreRs 62,564 crore+76.4%
Fiscal Deficit (% of GDP)2.6%4.11%
Debt-to-GDP Ratio16.0%32%

Maharashtra — Revenue Composition

Madhya Pradesh — Revenue Composition

Department-wise Allocation — Maharashtra vs Madhya Pradesh

DepartmentMaharashtraMadhya PradeshDifference
1. Education
Rs 69,000 crore
Rs 48,087 crore
+43.5%
2. Urban Development
Rs 53,000 crore
Rs 0
3. Rural Development
Rs 45,000 crore
Rs 14,918 crore
+201.6%
4. Social Welfare & Nutrition
Rs 0
Rs 34,049 crore
-100.0%
5. Health & Family Welfare
Rs 34,000 crore
Rs 21,714 crore
+56.6%
6. Water Supply & Sanitation
Rs 30,000 crore
Rs 9,793 crore
+206.3%
7. Agriculture & Allied
Rs 29,500 crore
Rs 22,193 crore
+32.9%
8. Energy
Rs 27,500 crore
Rs 24,891 crore
+10.5%
9. Transport & Roads
Rs 23,000 crore
Rs 9,386 crore
+145.0%
10. Police & Home
Rs 22,500 crore
Rs 10,663 crore
+111.0%
11. Social Justice
Rs 20,500 crore
Rs 0
12. Water Resources & Irrigation
Rs 0
Rs 12,998 crore
-100.0%

Maharashtra vs Madhya Pradesh Budget Analysis 2024-25

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 2024-25 analysis. You can also explore other budget comparisons across states and years.

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