Maharashtra State Budget 2001-02 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Maharashtra FY 2001-02
Maharashtra State Budget 2001-02 Budget at a Glance
Total Receipts
Rs 33,500 crore
+4.4%
Total Expenditure
Rs 45,000 crore
+7.1%
Fiscal Deficit
3.7%
Rs 11,500 crore
Capital Expenditure
Rs 5,800 crore
+11.5%
Tax Revenue
Rs 21,775 crore
+4.4%
Interest Payments
Rs 6,300 crore
14% of expenditure
Maharashtra Revenue Receipts 2001-02
Own tax revenue vs non-tax revenue breakdown
Maharashtra Expenditure Breakdown 2001-02
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP — Maharashtra 2001-02
The fiscal deficit for Maharashtra in 2001-02 is 3.7% of GSDP (Rs 11,500 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Maharashtra's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 6,300 crore consume 14.0% of total expenditure.
Maharashtra State Budget 2001-02 — Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 41,800 crore | 100% |
| 1. Revenue Receipts | Rs 33,500 crore | 80.1% |
| a. Own Tax Revenue | Rs 21,775 crore | 52.1% |
| b. Non-Tax Revenue | Rs 5,025 crore | 12.0% |
| B. Total Expenditure | Rs 45,000 crore | 100% |
| 1. Revenue Expenditure | Rs 39,200 crore | 87.1% |
| 2. Capital Expenditure | Rs 5,800 crore | 12.9% |
| of which: Interest Payments | Rs 6,300 crore | 14.0% |
| C. Fiscal Deficit | Rs 11,500 crore | 3.7% of GSDP |
Source: Maharashtra State Budget Documents via PRS India. All figures in Indian Rupees.
Maharashtra Budget 2001-02 Analysis & Highlights
Key Highlights
- Maharashtra's total expenditure in 2001-02 stood at approximately Rs 42,500 crore, reflecting a 9% increase over the previous fiscal year.
- Revenue receipts were severely impacted by the post-dotcom global slowdown, with sales tax collections growing at just 4% against a projected 12%.
- The state ran a revenue deficit of Rs 5,800 crore, one of the highest among Indian states at the time.
- Agriculture sector allocation of Rs 3,200 crore targeted sugarcane growers in western Maharashtra and cotton farmers in Vidarbha.
- Mumbai's textile mill land redevelopment controversy shaped urban planning allocations of Rs 1,100 crore.
- Debt servicing consumed 22% of revenue receipts, a warning sign flagged by the Comptroller and Auditor General.
- Power sector subsidies of Rs 4,500 crore to the Maharashtra State Electricity Board drained fiscal resources.
- Education spending at Rs 6,800 crore covered salaries for over 400,000 government school teachers.
- The Konkan Railway completion spurred Rs 800 crore in regional connectivity investments.
- Road development allocation of Rs 2,400 crore focused on the Golden Quadrilateral segments within Maharashtra.
- Social welfare spending of Rs 1,900 crore included OBC and SC/ST scholarship programs.
- The irrigation sector received Rs 3,100 crore, though utilization rates in Vidarbha remained below 40%.
- State borrowings crossed Rs 8,000 crore for the first time, raising concerns about medium-term debt sustainability.
- Industrial incentives of Rs 600 crore targeted the nascent IT sector in Pune and the Hinjewadi IT Park development.
Compare Maharashtra Budget — Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2000-01 | 2001-02 |
|---|---|---|
| Total Expenditure | Rs 42,000 crore | Rs 45,000 crore |
| Revenue Receipts | Rs 32,100 crore | Rs 33,500 crore |
| Capital Expenditure | Rs 5,200 crore | Rs 5,800 crore |
| Fiscal Deficit (% GSDP) | 3.4% | 3.7% |
| Own Tax Revenue | Rs 20,865 crore | Rs 21,775 crore |
Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Maharashtra State Budget 2001-02
The Maharashtra state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Maharashtra Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
Explore More
Compare Maharashtra with other states
Side-by-side comparison of fiscal metrics across Indian states