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Madhya Pradesh vs Maharashtra — Budget Comparison 2022-23

Side-by-side comparison of government budget data for FY 2022-23

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Key Budget Metrics — Madhya Pradesh vs Maharashtra

Total Expenditure

Madhya Pradesh

Rs 2.69 lakh crore

Maharashtra

Rs 4.9 lakh crore

Madhya Pradesh is -45.2% lower
Total Receipts

Madhya Pradesh

Rs 2.04 lakh crore

Maharashtra

Rs 3.95 lakh crore

Madhya Pradesh is -48.4% lower
Capital Expenditure

Madhya Pradesh

Rs 68,805 crore

Maharashtra

Rs 72,000 crore

Madhya Pradesh is -4.4% lower
Tax Revenue

Madhya Pradesh

Rs 1.47 lakh crore

Maharashtra

Rs 2.58 lakh crore

Madhya Pradesh is -43.0% lower
Fiscal Deficit (% GDP)

Madhya Pradesh

3.1%

Maharashtra

2.3%

Madhya Pradesh is +35.2% higher
Interest Payments

Madhya Pradesh

Rs 19,453 crore

Maharashtra

Rs 48,000 crore

Madhya Pradesh is -59.5% lower

Receipts & Expenditure Comparison — 2022-23

ParticularsMadhya PradeshMaharashtraDifference
Total ReceiptsRs 2.04 lakh croreRs 3.95 lakh crore-48.4%
Tax Revenue (Net)Rs 1.47 lakh croreRs 2.58 lakh crore-43.0%
Non-Tax RevenueRs 19,878 croreRs 1.37 lakh crore-85.5%
Total ExpenditureRs 2.69 lakh croreRs 4.9 lakh crore-45.2%
Revenue ExpenditureRs 2 lakh croreRs 4.18 lakh crore-52.2%
Capital ExpenditureRs 68,805 croreRs 72,000 crore-4.4%
Interest PaymentsRs 19,453 croreRs 48,000 crore-59.5%
Fiscal DeficitRs 41,203 croreRs 80,000 crore-48.5%
Fiscal Deficit (% of GDP)3.11%2.3%—
Debt-to-GDP Ratio—%19.7%—

Madhya Pradesh — Revenue Composition

Maharashtra — Revenue Composition

Madhya Pradesh vs Maharashtra Budget Analysis 2022-23

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 2022-23 analysis. You can also explore other budget comparisons across states and years.

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