Punjab vs Maharashtra โ Budget Comparison 2023-24
Side-by-side comparison of government budget data for FY 2023-24
Key Budget Metrics โ Punjab vs Maharashtra
Punjab
Rs 1.29 lakh crore
Maharashtra
Rs 5.72 lakh crore
Punjab
Rs 98,940 crore
Maharashtra
Rs 4.7 lakh crore
Punjab
Rs 6,406 crore
Maharashtra
Rs 82,000 crore
Punjab
Rs 51,400 crore
Maharashtra
Rs 2.4 lakh crore
Punjab
4.1%
Maharashtra
2.7%
Punjab
Rs 22,500 crore
Maharashtra
Rs 47,000 crore
Receipts & Expenditure Comparison โ 2023-24
| Particulars | Punjab | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 98,940 crore | Rs 4.7 lakh crore | -78.9% |
| Tax Revenue (Net) | Rs 51,400 crore | Rs 2.4 lakh crore | -78.6% |
| Non-Tax Revenue | Rs 10,051 crore | Rs 33,000 crore | -69.5% |
| Total Expenditure | Rs 1.29 lakh crore | Rs 5.72 lakh crore | -77.4% |
| Revenue Expenditure | Rs 1.23 lakh crore | Rs 4.9 lakh crore | -74.9% |
| Capital Expenditure | Rs 6,406 crore | Rs 82,000 crore | -92.2% |
| Interest Payments | Rs 22,500 crore | Rs 47,000 crore | -52.1% |
| Fiscal Deficit | Rs 30,311 crore | Rs 1.02 lakh crore | -70.3% |
| Fiscal Deficit (% of GDP) | 4.1% | 2.7% | โ |
| Debt-to-GDP Ratio | 49.6% | 17.4% | โ |
Punjab โ Revenue Composition
Maharashtra โ Revenue Composition
Department-wise Allocation โ Punjab vs Maharashtra
| Department | Punjab | Maharashtra | Difference |
|---|---|---|---|
1. Education | Rs 15,800 crore | Rs 63,000 crore | -74.9% |
2. Urban Development | Rs 3,900 crore | Rs 48,000 crore | -91.9% |
3. Rural Development | Rs 7,500 crore | Rs 41,000 crore | -81.7% |
4. Health & Family Welfare | Rs 7,800 crore | Rs 31,000 crore | -74.8% |
5. Agriculture & Allied | Rs 12,500 crore | Rs 27,000 crore | -53.7% |
6. Water Supply & Sanitation | Rs 3,800 crore | Rs 26,000 crore | -85.4% |
7. Energy | Rs 10,500 crore | Rs 25,000 crore | -58.0% |
8. Transport & Roads | Rs 3,900 crore | Rs 21,000 crore | -81.4% |
9. Police & Home | Rs 7,400 crore | Rs 20,000 crore | -63.0% |
10. Social Justice | Rs 0 | Rs 18,000 crore | -100.0% |
11. Social Welfare | Rs 6,000 crore | Rs 0 | โ |
Punjab vs Maharashtra Budget Analysis 2023-24
Comparing the budgets of Punjab 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 2023-24 analysis. You can also explore other budget comparisons across states and years.
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