Maharashtra Budget — 2003-04 vs 2002-03
Year-over-year budget comparison showing how Maharashtra's fiscal priorities have changed
Budget Growth — 2003-04 vs 2002-03
2003-04
Rs 53,000 crore
2002-03
Rs 48,800 crore
2003-04
Rs 40,500 crore
2002-03
Rs 36,200 crore
2003-04
Rs 7,100 crore
2002-03
Rs 6,300 crore
2003-04
Rs 26,325 crore
2002-03
Rs 23,530 crore
2003-04
3.4%
2002-03
3.8%
2003-04
Rs 7,900 crore
2002-03
Rs 7,100 crore
Receipts & Expenditure — Year-over-Year Change
| Particulars | 2003-04 | 2002-03 | Difference |
|---|---|---|---|
| Total Receipts | Rs 40,500 crore | Rs 36,200 crore | +11.9% |
| Tax Revenue (Net) | Rs 26,325 crore | Rs 23,530 crore | +11.9% |
| Non-Tax Revenue | Rs 6,075 crore | Rs 5,430 crore | +11.9% |
| Total Expenditure | Rs 53,000 crore | Rs 48,800 crore | +8.6% |
| Revenue Expenditure | Rs 45,900 crore | Rs 42,500 crore | +8.0% |
| Capital Expenditure | Rs 7,100 crore | Rs 6,300 crore | +12.7% |
| Interest Payments | Rs 7,900 crore | Rs 7,100 crore | +11.3% |
| Fiscal Deficit | Rs 12,700 crore | Rs 12,600 crore | +0.8% |
| Fiscal Deficit (% of GDP) | 3.4% | 3.8% | — |
| Debt-to-GDP Ratio | 26.6% | 26.8% | — |
How Has Maharashtra's Budget Changed from 2002-03 to 2003-04?
Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.
Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.
Explore the full 2003-04 budget analysis or view all available comparisons.
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