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Punjab vs Maharashtra — Budget Comparison 2024-25

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

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Key Budget Metrics — Punjab vs Maharashtra

Total Expenditure

Punjab

Rs 1.35 lakh crore

Maharashtra

Rs 6.12 lakh crore

Punjab is -77.9% lower
Total Receipts

Punjab

Rs 1.04 lakh crore

Maharashtra

Rs 4.99 lakh crore

Punjab is -79.2% lower
Capital Expenditure

Punjab

Rs 7,445 crore

Maharashtra

Rs 86,295 crore

Punjab is -91.4% lower
Tax Revenue

Punjab

Rs 58,900 crore

Maharashtra

Rs 2.56 lakh crore

Punjab is -77.0% lower
Fiscal Deficit (% GDP)

Punjab

3.8%

Maharashtra

2.6%

Punjab is +46.2% higher
Interest Payments

Punjab

Rs 23,900 crore

Maharashtra

Rs 50,355 crore

Punjab is -52.5% lower

Receipts & Expenditure Comparison — 2024-25

ParticularsPunjabMaharashtraDifference
Total ReceiptsRs 1.04 lakh croreRs 4.99 lakh crore-79.2%
Tax Revenue (Net)Rs 58,900 croreRs 2.56 lakh crore-77.0%
Non-Tax RevenueRs 11,246 croreRs 36,940 crore-69.6%
Total ExpenditureRs 1.35 lakh croreRs 6.12 lakh crore-77.9%
Revenue ExpenditureRs 1.27 lakh croreRs 5.26 lakh crore-75.8%
Capital ExpenditureRs 7,445 croreRs 86,295 crore-91.4%
Interest PaymentsRs 23,900 croreRs 50,355 crore-52.5%
Fiscal DeficitRs 30,465 croreRs 1.1 lakh crore-72.4%
Fiscal Deficit (% of GDP)3.8%2.6%—
Debt-to-GDP Ratio48.6%16.0%—

Punjab — Revenue Composition

Maharashtra — Revenue Composition

Department-wise Allocation — Punjab vs Maharashtra

DepartmentPunjabMaharashtraDifference
1. Education
Rs 17,400 crore
Rs 69,000 crore
-74.8%
2. Urban Development
Rs 4,300 crore
Rs 53,000 crore
-91.9%
3. Rural Development
Rs 8,200 crore
Rs 45,000 crore
-81.8%
4. Health & Family Welfare
Rs 8,700 crore
Rs 34,000 crore
-74.4%
5. Water Supply & Sanitation
Rs 4,500 crore
Rs 30,000 crore
-85.0%
6. Agriculture & Allied
Rs 13,700 crore
Rs 29,500 crore
-53.6%
7. Energy
Rs 11,600 crore
Rs 27,500 crore
-57.8%
8. Transport & Roads
Rs 4,500 crore
Rs 23,000 crore
-80.4%
9. Police & Home
Rs 8,000 crore
Rs 22,500 crore
-64.4%
10. Social Justice
Rs 0
Rs 20,500 crore
-100.0%
11. Social Welfare
Rs 6,550 crore
Rs 0
—

Punjab vs Maharashtra Budget Analysis 2024-25

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

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