Maharashtra State Budget 2012-13 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Maharashtra FY 2012-13
Maharashtra State Budget 2012-13 Budget at a Glance
Total Receipts
Rs 1.6 lakh crore
+11.6%
Total Expenditure
Rs 1.97 lakh crore
+11.8%
Fiscal Deficit
2.2%
Rs 31,000 crore
Capital Expenditure
Rs 28,500 crore
+13.1%
Tax Revenue
Rs 1.04 lakh crore
+11.4%
Interest Payments
Rs 21,500 crore
11% of expenditure
Maharashtra Revenue Receipts 2012-13
Own tax revenue vs non-tax revenue breakdown
Maharashtra Expenditure Breakdown 2012-13
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP — Maharashtra 2012-13
The fiscal deficit for Maharashtra in 2012-13 is 2.2% of GSDP (Rs 31,000 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 21,500 crore consume 10.9% of total expenditure.
Maharashtra State Budget 2012-13 — Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.87 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.6 lakh crore | 85.8% |
| a. Own Tax Revenue | Rs 1.04 lakh crore | 55.7% |
| b. Non-Tax Revenue | Rs 56,300 crore | 30.1% |
| B. Total Expenditure | Rs 1.97 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.68 lakh crore | 85.5% |
| 2. Capital Expenditure | Rs 28,500 crore | 14.5% |
| of which: Interest Payments | Rs 21,500 crore | 10.9% |
| C. Fiscal Deficit | Rs 31,000 crore | 2.2% of GSDP |
Source: Maharashtra State Budget Documents via PRS India. All figures in Indian Rupees.
Maharashtra Budget 2012-13 Analysis & Highlights
Key Highlights
- Maharashtra GSDP at Rs 14 lakh crore; state contributed 15% of India's GDP.
- UPA-era central transfers included significant Plan grants for industrialization and rural development.
- Congress-NCP coalition government prioritized irrigation and rural employment programs.
- Fiscal deficit at 1.9% of GSDP, maintained within FRBM limits despite election-year pressures.
- State VAT collections grew 18% to Rs 52,000 crore reflecting manufacturing recovery.
- Mumbai's Bandra-Worli Sea Link triggered Rs 3,000 crore in western suburbs real estate investments.
- Farmer suicide crisis in Vidarbha prompted Rs 7,000 crore special relief package.
- Power sector losses mounted with MSEDCL accumulating Rs 15,000 crore in unpaid receivables.
- Education spending of Rs 28,000 crore included mid-day meal program for 8 million children.
- Industrial growth at 4.2% below national average due to power shortages and regulatory delays.
Compare Maharashtra Budget — Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 |
|---|---|---|---|---|---|
| Total Expenditure | — | — | — | Rs 1.76 lakh crore | Rs 1.97 lakh crore |
| Revenue Receipts | — | — | — | Rs 1.44 lakh crore | Rs 1.6 lakh crore |
| Capital Expenditure | — | — | — | Rs 25,200 crore | Rs 28,500 crore |
| Fiscal Deficit (% GSDP) | — | — | — | 2.3% | 2.2% |
| Own Tax Revenue | — | — | — | Rs 93,500 crore | Rs 1.04 lakh crore |
Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Maharashtra State Budget 2012-13
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