India vs Maharashtra โ Budget Comparison 2001-02
How does Maharashtra's state budget compare with the Union Budget for FY 2001-02?
Centre vs State โ Key Budget Metrics 2001-02
India (Union)
Rs 3.62 lakh crore
Maharashtra
Rs 45,000 crore
India (Union)
Rs 2.01 lakh crore
Maharashtra
Rs 33,500 crore
India (Union)
Rs 60,842 crore
Maharashtra
Rs 5,800 crore
India (Union)
Rs 1.34 lakh crore
Maharashtra
Rs 21,775 crore
India (Union)
6.2%
Maharashtra
3.7%
India (Union)
Rs 1.07 lakh crore
Maharashtra
Rs 6,300 crore
Receipts & Expenditure โ India vs Maharashtra
| Particulars | India (Union) | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 2.01 lakh crore | Rs 33,500 crore | +500.9% |
| Tax Revenue (Net) | Rs 1.34 lakh crore | Rs 21,775 crore | +513.2% |
| Non-Tax Revenue | Rs 67,774 crore | Rs 5,025 crore | +1248.7% |
| Total Expenditure | Rs 3.62 lakh crore | Rs 45,000 crore | +705.1% |
| Revenue Expenditure | Rs 3.01 lakh crore | Rs 39,200 crore | +669.1% |
| Capital Expenditure | Rs 60,842 crore | Rs 5,800 crore | +949.0% |
| Interest Payments | Rs 1.07 lakh crore | Rs 6,300 crore | +1602.5% |
| Fiscal Deficit | Rs 1.41 lakh crore | Rs 11,500 crore | +1125.7% |
| Fiscal Deficit (% of GDP) | 6.2% | 3.7% | โ |
| Debt-to-GDP Ratio | 64.2% | 25.2% | โ |
Department-wise Spending โ India vs Maharashtra
| Department | India (Union) | Maharashtra | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 1.41 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 57,600 crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 24,100 crore | Rs 0 | โ |
4. Ministry of Consumer Affairs, Food & Public Distribution | Rs 18,700 crore | Rs 0 | โ |
5. Ministry of Rural Development | Rs 17,800 crore | Rs 0 | โ |
6. Ministry of Education | Rs 13,600 crore | Rs 0 | โ |
7. Ministry of Agriculture & Farmers' Welfare | Rs 11,800 crore | Rs 0 | โ |
8. Ministry of Communications | Rs 8,800 crore | Rs 0 | โ |
9. Ministry of Health & Family Welfare | Rs 8,150 crore | Rs 0 | โ |
10. Ministry of Road Transport & Highways | Rs 5,900 crore | Rs 0 | โ |
11. Ministry of Petroleum & Natural Gas | Rs 5,700 crore | Rs 0 | โ |
12. Ministry of Railways | Rs 5,650 crore | Rs 0 | โ |
13. Ministry of Women & Child Development | Rs 4,860 crore | Rs 0 | โ |
14. Ministry of Housing & Urban Affairs | Rs 4,000 crore | Rs 0 | โ |
15. Ministry of Jal Shakti | Rs 3,700 crore | Rs 0 | โ |
Understanding Centre vs State Budget โ India and Maharashtra
India's federal fiscal structure divides spending responsibilities between the Centre and states. The Union Budget covers national priorities like defence, foreign affairs, and central schemes, while state budgets handle education, health, police, and local infrastructure.
The Finance Commission determines how central tax revenue is shared with states. Currently, 41% of the divisible pool is transferred to states. Additionally, states receive grants-in-aid for specific schemes and programs.
Maharashtra's share of central transfers, combined with its own tax revenue (state GST, excise, stamp duty, vehicle tax) and non-tax revenue, determines its total resource envelope. Comparing this with the Union Budget provides a complete picture of public finance in India.
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