Punjab vs Maharashtra โ Budget Comparison 2026-27
Side-by-side comparison of government budget data for FY 2026-27
Key Budget Metrics โ Punjab vs Maharashtra
Punjab
Rs 1.67 lakh crore
Maharashtra
Rs 7.69 lakh crore
Punjab
Rs 1.26 lakh crore
Maharashtra
Rs 6.16 lakh crore
Punjab
Rs 18,565 crore
Maharashtra
Rs 1.13 lakh crore
Punjab
Rs 1.01 lakh crore
Maharashtra
Rs 4.15 lakh crore
Punjab
4.1%
Maharashtra
2.8%
Punjab
Rs 28,755 crore
Maharashtra
Rs 70,055 crore
Receipts & Expenditure Comparison โ 2026-27
| Particulars | Punjab | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 1.26 lakh crore | Rs 6.16 lakh crore | -79.5% |
| Tax Revenue (Net) | Rs 1.01 lakh crore | Rs 4.15 lakh crore | -75.6% |
| Non-Tax Revenue | Rs 15,687 crore | Rs 36,128 crore | -56.6% |
| Total Expenditure | Rs 1.67 lakh crore | Rs 7.69 lakh crore | -78.3% |
| Revenue Expenditure | Rs 1.48 lakh crore | Rs 6.57 lakh crore | -77.4% |
| Capital Expenditure | Rs 18,565 crore | Rs 1.13 lakh crore | -83.5% |
| Interest Payments | Rs 28,755 crore | Rs 70,055 crore | -59.0% |
| Fiscal Deficit | Rs 39,971 crore | Rs 1.5 lakh crore | -73.4% |
| Fiscal Deficit (% of GDP) | 4.1% | 2.8% | โ |
| Debt-to-GDP Ratio | 45.1% | 20.4% | โ |
Punjab โ Revenue Composition
Maharashtra โ Revenue Composition
Department-wise Allocation โ Punjab vs Maharashtra
| Department | Punjab | Maharashtra | Difference |
|---|---|---|---|
1. Education, Sports, Arts and Culture | Rs 21,503 crore | Rs 1.08 lakh crore | -80.2% |
2. Transport | Rs 5,153 crore | Rs 53,928 crore | -90.4% |
3. Social Welfare and Nutrition | Rs 18,775 crore | Rs 53,430 crore | -64.9% |
4. Rural Development | Rs 2,858 crore | Rs 39,294 crore | -92.7% |
5. Agriculture and Allied Activities | Rs 15,281 crore | Rs 39,160 crore | -61.0% |
6. Health and Family Welfare | Rs 7,787 crore | Rs 37,456 crore | -79.2% |
7. Police | Rs 9,214 crore | Rs 33,700 crore | -72.7% |
8. Welfare of SC, ST, OBC and Minorities | Rs 0 | Rs 32,580 crore | -100.0% |
9. Urban Development | Rs 2,945 crore | Rs 26,277 crore | -88.8% |
10. Energy | Rs 5,798 crore | Rs 25,215 crore | -77.0% |
11. Irrigation and Flood Control | Rs 2,943 crore | Rs 0 | โ |
Punjab vs Maharashtra Budget Analysis 2026-27
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 2026-27 analysis. You can also explore other budget comparisons across states and years.
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