India vs Maharashtra โ Budget Comparison 2004-05
How does Maharashtra's state budget compare with the Union Budget for FY 2004-05?
Centre vs State โ Key Budget Metrics 2004-05
India (Union)
Rs 4.98 lakh crore
Maharashtra
Rs 59,500 crore
India (Union)
Rs 3.06 lakh crore
Maharashtra
Rs 47,200 crore
India (Union)
Rs 1.14 lakh crore
Maharashtra
Rs 8,500 crore
India (Union)
Rs 2.31 lakh crore
Maharashtra
Rs 30,680 crore
India (Union)
3.9%
Maharashtra
2.8%
India (Union)
Rs 1.27 lakh crore
Maharashtra
Rs 8,800 crore
Receipts & Expenditure โ India vs Maharashtra
| Particulars | India (Union) | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 3.06 lakh crore | Rs 47,200 crore | +548.3% |
| Tax Revenue (Net) | Rs 2.31 lakh crore | Rs 30,680 crore | +652.4% |
| Non-Tax Revenue | Rs 75,157 crore | Rs 7,080 crore | +961.5% |
| Total Expenditure | Rs 4.98 lakh crore | Rs 59,500 crore | +737.4% |
| Revenue Expenditure | Rs 3.82 lakh crore | Rs 51,000 crore | +648.9% |
| Capital Expenditure | Rs 1.14 lakh crore | Rs 8,500 crore | +1235.6% |
| Interest Payments | Rs 1.27 lakh crore | Rs 8,800 crore | +1342.4% |
| Fiscal Deficit | Rs 1.26 lakh crore | Rs 12,000 crore | +948.3% |
| Fiscal Deficit (% of GDP) | 3.9% | 2.8% | โ |
| Debt-to-GDP Ratio | 61.2% | 25.4% | โ |
Department-wise Spending โ India vs Maharashtra
| Department | India (Union) | Maharashtra | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 1.76 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 77,900 crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 34,300 crore | Rs 0 | โ |
4. Ministry of Consumer Affairs, Food & Public Distribution | Rs 28,300 crore | Rs 0 | โ |
5. Ministry of Rural Development | Rs 26,400 crore | Rs 0 | โ |
6. Ministry of Education | Rs 20,000 crore | Rs 0 | โ |
7. Ministry of Agriculture & Farmers' Welfare | Rs 17,300 crore | Rs 0 | โ |
8. Ministry of Communications | Rs 12,700 crore | Rs 0 | โ |
9. Ministry of Health & Family Welfare | Rs 12,300 crore | Rs 0 | โ |
10. Ministry of Road Transport & Highways | Rs 12,000 crore | Rs 0 | โ |
11. Ministry of Railways | Rs 9,800 crore | Rs 0 | โ |
12. Ministry of Petroleum & Natural Gas | Rs 9,700 crore | Rs 0 | โ |
13. Ministry of Women & Child Development | Rs 7,320 crore | Rs 0 | โ |
14. Ministry of Housing & Urban Affairs | Rs 6,400 crore | Rs 0 | โ |
15. Ministry of Jal Shakti | Rs 5,600 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.
Related Budget Comparisons
Explore All Budget Comparisons
Compare states, years, and India across 27 financial years