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Maharashtra Budget: Spending, Capital Outlay, Fiscal Deficit and Central Tax Share

Maharashtra's budget is Rs 6,00,522 crore, of which Rs 85,210 crore (14.2%) is capital outlay for building assets. The fiscal deficit is 2.32% of the State's GSDP, and its share of central taxes is Rs 73,555 crore.

2024-25 (BE) & 2023-24 (RE) · compiled from State Budget Books (Demands for Grants) & RBI State Finances Study; figures as compiled, not a live feed

Maharashtra budget at a glance

ItemAmount
Total budgetRs 6,00,522 crore
Revenue expenditureRs 5,08,492 crore
Capital outlayRs 85,210 crore (14.2% of the budget)
Own tax revenueRs 3,44,800 crore
Share of central taxesRs 73,555 crore
Grants from the CentreRs 41,200 crore
GSDPRs 42,67,771 crore
Fiscal deficit2.32% of GSDP

Where Maharashtra spends: major heads

Head of accountAmountShare of budgetCovers
Education (2202)Rs 81,200 crore13.5%School education, teacher salaries, university grants
Debt interest (2049)Rs 56,800 crore9.5%Market borrowing interest, provident fund liabilities
Agriculture (2401)Rs 34,100 crore5.7%Drip irrigation, crop loss compensation, farmer relief
Roads and bridges (3054)Rs 28,600 crore4.8%Samruddhi Mahamarg link routes, coastal road bridges
Health (2210)Rs 26,800 crore4.5%Mahatma Phule Jan Arogya, District Hospitals
Police security (2055)Rs 26,400 crore4.4%Maharashtra Police, urban surveillance, coastal security
Rural development (2501)Rs 24,900 crore4.1%Zilla Parishad grants, rural sanitation, rural roads

Maharashtra's share of central taxes: releases announced

Financial yearAnnounced in releases
2026-27Rs 7,022.00 crore
2025-26Rs 6,418.00 crore
2024-25Rs 31,013.39 crore
2023-24Rs 21,058.96 crore
2022-23Rs 23,693.76 crore
2021-22Rs 6,006.30 crore
DateReleaseTo MaharashtraShare
1 Aug 2026Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditureRs 7,022.00 crore6.441%
1 Oct 2025In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolutionRs 6,418.00 crore6.317%
10 Jan 2025Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expendituresRs 10,930.31 crore6.317%
10 Oct 2024Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024Rs 11,255.00 crore6.317%
10 Jun 2024Centre releases Rs. 1,39,750 crore installment of Tax Devolution to StatesRs 8,828.08 crore6.317%
29 Feb 2024Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Governments for financing various social welfare measures and infrastructure development schemesRs 8,978.00 crore6.317%
7 Nov 2023Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th NovemberRs 4,608.96 crore6.317%
12 Jun 2023Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 croreRs 7,472.00 crore6.317%
10 Mar 2023Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditureRs 8,954.00 crore6.381%
10 Nov 2022Two instalments of tax devolution to State Governments amounting toRs 7,370.00 crore6.317%

Covers the instalments announced through press releases (extra or advance instalments, and some regular ones). Regular monthly instalments without a release are not included, so yearly sums here are not the full year's devolution. Source: Ministry of Finance press releases (Press Information Bureau).

More about Maharashtra

Union and all State budgets · Tax devolution and the 15th Finance Commission simulator