Maharashtra State Budget 2009-10 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Maharashtra FY 2009-10
Maharashtra State Budget 2009-10 Budget at a Glance
Total Receipts
Rs 95,000 crore
+15.9%
Total Expenditure
Rs 1.2 lakh crore
+14.3%
Fiscal Deficit
2.7%
Rs 25,000 crore
Capital Expenditure
Rs 20,000 crore
+11.1%
Tax Revenue
Rs 61,750 crore
+15.9%
Interest Payments
Rs 14,500 crore
12% of expenditure
Maharashtra Revenue Receipts 2009-10
Own tax revenue vs non-tax revenue breakdown
Maharashtra Expenditure Breakdown 2009-10
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP — Maharashtra 2009-10
The fiscal deficit for Maharashtra in 2009-10 is 2.7% of GSDP (Rs 25,000 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 is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 14,500 crore consume 12.1% of total expenditure.
Maharashtra State Budget 2009-10 — Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.13 lakh crore | 100% |
| 1. Revenue Receipts | Rs 95,000 crore | 84.1% |
| a. Own Tax Revenue | Rs 61,750 crore | 54.6% |
| b. Non-Tax Revenue | Rs 14,250 crore | 12.6% |
| B. Total Expenditure | Rs 1.2 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1 lakh crore | 83.3% |
| 2. Capital Expenditure | Rs 20,000 crore | 16.7% |
| of which: Interest Payments | Rs 14,500 crore | 12.1% |
| C. Fiscal Deficit | Rs 25,000 crore | 2.7% of GSDP |
Source: Maharashtra State Budget Documents via PRS India. All figures in Indian Rupees.
Maharashtra Budget 2009-10 Analysis & Highlights
Key Highlights
- Global financial crisis impact: Maharashtra GSDP growth slowed to 5.8%, the weakest in a decade.
- Mumbai terror attacks (Nov 2008) aftermath suppressed tourism and hospitality revenue.
- Fiscal stimulus measures added Rs 3,000 crore to expenditure as state matched central initiatives.
- State VAT collections grew only 4%, the slowest growth since VAT introduction.
- Fiscal deficit widened to 2.8% of GSDP as revenues fell and counter-cyclical spending rose.
- Congress-NCP coalition returned to power; Ashok Chavan succeeded Vilasrao Deshmukh as CM.
- Agriculture contracted 2% following deficient monsoon across Marathwada.
- IT sector layoffs in Pune affected 15,000 workers as global outsourcing demand declined.
- Capital expenditure fell 12% to Rs 20,000 crore as government prioritized revenue spending.
- State debt rose to Rs 2.2 lakh crore with borrowing costs averaging 8.5%.
Compare Maharashtra Budget — Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 |
|---|---|---|---|---|---|
| Total Expenditure | — | — | — | Rs 1.05 lakh crore | Rs 1.2 lakh crore |
| Revenue Receipts | — | — | — | Rs 82,000 crore | Rs 95,000 crore |
| Capital Expenditure | — | — | — | Rs 18,000 crore | Rs 20,000 crore |
| Fiscal Deficit (% GSDP) | — | — | — | 3.1% | 2.7% |
| Own Tax Revenue | — | — | — | Rs 53,300 crore | Rs 61,750 crore |
Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Maharashtra State Budget 2009-10
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.
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Compare Maharashtra with other states
Side-by-side comparison of fiscal metrics across Indian states