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Maharashtra State Budget 2010-11 Analysis

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Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Maharashtra FY 2010-11

Maharashtra State Budget 2010-11 Budget at a Glance

Total Receipts

Rs 1.27 lakh crore

+34.2%

Total Expenditure

Rs 1.54 lakh crore

+28.3%

Fiscal Deficit

2.2%

Rs 24,500 crore

Capital Expenditure

Rs 22,800 crore

+14.0%

Tax Revenue

Rs 82,000 crore

+32.8%

Interest Payments

Rs 17,300 crore

11% of expenditure

Maharashtra Revenue Receipts 2010-11

Own tax revenue vs non-tax revenue breakdown

Tax Revenue
Rs 82,000 crore (64.3%)
Non-Tax Revenue
Rs 45,500 crore (35.7%)

Maharashtra Expenditure Breakdown 2010-11

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 85.2%
Capital Expenditure 14.8%

Fiscal Deficit as % of GSDP — Maharashtra 2010-11

The fiscal deficit for Maharashtra in 2010-11 is 2.2% of GSDP (Rs 24,500 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 is maintaining fiscal discipline close to the recommended limit.

Interest payments at Rs 17,300 crore consume 11.2% of total expenditure.

Maharashtra State Budget 2010-11 — Receipts & Expenditure Summary

ParticularsAmount% of Total
A. Total ReceiptsRs 1.48 lakh crore100%
1. Revenue ReceiptsRs 1.27 lakh crore86.4%
a. Own Tax RevenueRs 82,000 crore55.6%
b. Non-Tax RevenueRs 45,500 crore30.8%
B. Total ExpenditureRs 1.54 lakh crore100%
1. Revenue ExpenditureRs 1.31 lakh crore85.2%
2. Capital ExpenditureRs 22,800 crore14.8%
of which: Interest PaymentsRs 17,300 crore11.2%
C. Fiscal DeficitRs 24,500 crore2.2% of GSDP

Source: Maharashtra State Budget Documents via PRS India. All figures in Indian Rupees.

Maharashtra Budget 2010-11 Analysis & Highlights

Key Highlights

  • Post-global financial crisis recovery: Maharashtra GSDP grew 10.8% in nominal terms.
  • Mumbai's financial sector rebounded strongly with Sensex crossing 20,000 for the first time since 2008.
  • State VAT collections of Rs 42,000 crore reflected manufacturing and services recovery.
  • Commonwealth Games infrastructure spending benefited Maharashtra through central project funds.
  • Fiscal deficit at 2.1% of GSDP following post-crisis fiscal consolidation.
  • Congress-NCP government launched expanded housing program for Mumbai slum rehabilitation.
  • Agricultural growth of 12% following excellent monsoon after two drought years.
  • Capital expenditure of Rs 25,000 crore focused on power generation and road construction.
  • IT sector in Pune attracted Rs 15,000 crore in new investments as companies sought alternatives to Bangalore.
  • State debt stood at Rs 2.5 lakh crore with debt-GSDP ratio at 20%.

Compare Maharashtra Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric2006-072007-082008-092009-102010-11
Total Expenditure———Rs 1.2 lakh croreRs 1.54 lakh crore
Revenue Receipts———Rs 95,000 croreRs 1.27 lakh crore
Capital Expenditure———Rs 20,000 croreRs 22,800 crore
Fiscal Deficit (% GSDP)———2.7%2.2%
Own Tax Revenue———Rs 61,750 croreRs 82,000 crore

Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.

2009-10 2011-12

Understanding Maharashtra State Budget 2010-11

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

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