Maharashtra State Budget 2013-14 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Maharashtra FY 2013-14
Maharashtra State Budget 2013-14 Budget at a Glance
Total Receipts
Rs 1.77 lakh crore
+10.3%
Total Expenditure
Rs 2.19 lakh crore
+11.3%
Fiscal Deficit
2.3%
Rs 36,000 crore
Capital Expenditure
Rs 31,200 crore
+9.5%
Tax Revenue
Rs 1.15 lakh crore
+10.4%
Interest Payments
Rs 24,000 crore
11% of expenditure
Maharashtra Revenue Receipts 2013-14
Own tax revenue vs non-tax revenue breakdown
Maharashtra Expenditure Breakdown 2013-14
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP — Maharashtra 2013-14
The fiscal deficit for Maharashtra in 2013-14 is 2.3% of GSDP (Rs 36,000 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 24,000 crore consume 11.0% of total expenditure.
Maharashtra State Budget 2013-14 — Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.06 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.77 lakh crore | 85.9% |
| a. Own Tax Revenue | Rs 1.15 lakh crore | 55.8% |
| b. Non-Tax Revenue | Rs 62,000 crore | 30.1% |
| B. Total Expenditure | Rs 2.19 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.88 lakh crore | 85.7% |
| 2. Capital Expenditure | Rs 31,200 crore | 14.3% |
| of which: Interest Payments | Rs 24,000 crore | 11.0% |
| C. Fiscal Deficit | Rs 36,000 crore | 2.3% of GSDP |
Source: Maharashtra State Budget Documents via PRS India. All figures in Indian Rupees.
Maharashtra Budget 2013-14 Analysis & Highlights
Key Highlights
- Maharashtra's total expenditure in 2013-14 reached approximately Rs 2,18,700 crore, growing 11.2% year-on-year amid moderating economic growth and fiscal consolidation pressures.
- Revenue receipts of Rs 1,77,000 crore showed 10.3% growth, with tax revenue at Rs 1,15,000 crore benefiting from improved VAT compliance and rising stamp duty collections.
- The revenue deficit at Rs 10,500 crore widened as expenditure growth outpaced revenue mobilization, raising concerns about medium-term fiscal sustainability.
- Fiscal deficit at Rs 36,000 crore or 2.3% of GSDP remained within FRBM limits, though the absolute quantum of borrowing continued to rise.
- Capital expenditure of Rs 31,200 crore supported infrastructure mega-projects including Mumbai Metro expansion, the Nagpur-Mumbai Expressway, and coastal road planning.
- Interest payments at Rs 24,000 crore consumed 13.6% of revenue receipts, a stable ratio despite rising absolute debt levels.
- The irrigation sector received Rs 14,000 crore, though a CAG performance audit revealed serious irregularities in spending during 2000-2012.
- Education spending reached Rs 28,000 crore as the state expanded mid-day meal coverage and upgraded schools under the Rashtriya Madhyamik Shiksha Abhiyan.
- Agricultural debt waiver aftermath continued to affect fiscal planning, with legacy liabilities of Rs 6,000 crore outstanding from the 2008 national farm loan waiver.
- Mumbai Metropolitan Region received Rs 7,500 crore for transportation and water supply infrastructure ahead of the planned metro expansion.
- The Make in Maharashtra campaign allocated Rs 4,200 crore in industrial incentives targeting automotive, pharmaceutical, and IT sectors in Pune, Aurangabad, and Nagpur.
- Outstanding debt crossed Rs 3,00,000 crore for the first time, though the debt-to-GSDP ratio at 19.1% remained stable.
- Health sector spending of Rs 9,800 crore included the rollout of the Rajiv Gandhi Jeevandayee Arogya Yojana cashless health insurance covering 2.2 crore beneficiaries.
- Power sector reform progressed with MSEDCL receiving Rs 8,000 crore in subsidies while pursuing feeder separation and smart metering pilots.
Compare Maharashtra Budget — Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 |
|---|---|---|---|---|---|
| Total Expenditure | — | — | — | Rs 1.97 lakh crore | Rs 2.19 lakh crore |
| Revenue Receipts | — | — | — | Rs 1.6 lakh crore | Rs 1.77 lakh crore |
| Capital Expenditure | — | — | — | Rs 28,500 crore | Rs 31,200 crore |
| Fiscal Deficit (% GSDP) | — | — | — | 2.2% | 2.3% |
| Own Tax Revenue | — | — | — | Rs 1.04 lakh crore | Rs 1.15 lakh crore |
Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Maharashtra State Budget 2013-14
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