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Madhya Pradesh vs Maharashtra — Budget Comparison 2020-21

Side-by-side comparison of government budget data for FY 2020-21

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Key Budget Metrics — Madhya Pradesh vs Maharashtra

Total Expenditure

Madhya Pradesh

Rs 2.09 lakh crore

Maharashtra

Rs 3.58 lakh crore

Madhya Pradesh is -41.6% lower
Total Receipts

Madhya Pradesh

Rs 1.46 lakh crore

Maharashtra

Rs 2.65 lakh crore

Madhya Pradesh is -44.8% lower
Capital Expenditure

Madhya Pradesh

Rs 44,343 crore

Maharashtra

Rs 48,000 crore

Madhya Pradesh is -7.6% lower
Tax Revenue

Madhya Pradesh

Rs 1.01 lakh crore

Maharashtra

Rs 1.68 lakh crore

Madhya Pradesh is -39.7% lower
Fiscal Deficit (% GDP)

Madhya Pradesh

5.4%

Maharashtra

3.2%

Madhya Pradesh is +70.0% higher
Interest Payments

Madhya Pradesh

Rs 15,918 crore

Maharashtra

Rs 42,000 crore

Madhya Pradesh is -62.1% lower

Receipts & Expenditure Comparison — 2020-21

ParticularsMadhya PradeshMaharashtraDifference
Total ReceiptsRs 1.46 lakh croreRs 2.65 lakh crore-44.8%
Tax Revenue (Net)Rs 1.01 lakh croreRs 1.68 lakh crore-39.7%
Non-Tax RevenueRs 9,902 croreRs 97,000 crore-89.8%
Total ExpenditureRs 2.09 lakh croreRs 3.58 lakh crore-41.6%
Revenue ExpenditureRs 1.65 lakh croreRs 3.1 lakh crore-46.9%
Capital ExpenditureRs 44,343 croreRs 48,000 crore-7.6%
Interest PaymentsRs 15,918 croreRs 42,000 crore-62.1%
Fiscal DeficitRs 49,870 croreRs 85,000 crore-41.3%
Fiscal Deficit (% of GDP)5.44%3.2%—
Debt-to-GDP Ratio28.8%22.5%—

Madhya Pradesh — Revenue Composition

Maharashtra — Revenue Composition

Madhya Pradesh vs Maharashtra Budget Analysis 2020-21

Comparing the budgets of Madhya Pradesh and Maharashtra reveals how different states prioritize spending across sectors like education, health, infrastructure, and social welfare. State budgets are the primary instruments through which state governments allocate resources and implement welfare schemes.

Key differences in state budget structures emerge from revenue capacity (own tax revenue vs central transfers), expenditure priorities (capital investment vs revenue spending), and fiscal management (deficit levels and debt sustainability). Finance Commission recommendations determine how central tax revenue is shared with states.

For a broader view of how the central government allocates resources, see the India Union Budget 2020-21 analysis. You can also explore other budget comparisons across states and years.

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