India vs Maharashtra โ Budget Comparison 2002-03
How does Maharashtra's state budget compare with the Union Budget for FY 2002-03?
Centre vs State โ Key Budget Metrics 2002-03
India (Union)
Rs 4.13 lakh crore
Maharashtra
Rs 48,800 crore
India (Union)
Rs 2.31 lakh crore
Maharashtra
Rs 36,200 crore
India (Union)
Rs 74,535 crore
Maharashtra
Rs 6,300 crore
India (Union)
Rs 1.59 lakh crore
Maharashtra
Rs 23,530 crore
India (Union)
5.9%
Maharashtra
3.8%
India (Union)
Rs 1.17 lakh crore
Maharashtra
Rs 7,100 crore
Receipts & Expenditure โ India vs Maharashtra
| Particulars | India (Union) | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 2.31 lakh crore | Rs 36,200 crore | +537.7% |
| Tax Revenue (Net) | Rs 1.59 lakh crore | Rs 23,530 crore | +573.8% |
| Non-Tax Revenue | Rs 72,290 crore | Rs 5,430 crore | +1231.3% |
| Total Expenditure | Rs 4.13 lakh crore | Rs 48,800 crore | +746.8% |
| Revenue Expenditure | Rs 3.39 lakh crore | Rs 42,500 crore | +697.0% |
| Capital Expenditure | Rs 74,535 crore | Rs 6,300 crore | +1083.1% |
| Interest Payments | Rs 1.17 lakh crore | Rs 7,100 crore | +1553.0% |
| Fiscal Deficit | Rs 1.45 lakh crore | Rs 12,600 crore | +1051.4% |
| Fiscal Deficit (% of GDP) | 5.9% | 3.8% | โ |
| Debt-to-GDP Ratio | 64.9% | 26.8% | โ |
Department-wise Spending โ India vs Maharashtra
| Department | India (Union) | Maharashtra | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 1.57 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 63,600 crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 27,500 crore | Rs 0 | โ |
4. Ministry of Consumer Affairs, Food & Public Distribution | Rs 25,400 crore | Rs 0 | โ |
5. Ministry of Rural Development | Rs 20,700 crore | Rs 0 | โ |
6. Ministry of Education | Rs 15,500 crore | Rs 0 | โ |
7. Ministry of Agriculture & Farmers' Welfare | Rs 13,700 crore | Rs 0 | โ |
8. Ministry of Communications | Rs 10,000 crore | Rs 0 | โ |
9. Ministry of Health & Family Welfare | Rs 9,600 crore | Rs 0 | โ |
10. Ministry of Road Transport & Highways | Rs 7,800 crore | Rs 0 | โ |
11. Ministry of Petroleum & Natural Gas | Rs 6,800 crore | Rs 0 | โ |
12. Ministry of Railways | Rs 6,550 crore | Rs 0 | โ |
13. Ministry of Women & Child Development | Rs 5,680 crore | Rs 0 | โ |
14. Ministry of Housing & Urban Affairs | Rs 4,700 crore | Rs 0 | โ |
15. Ministry of Jal Shakti | Rs 4,300 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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