Maharashtra Budget — 2004-05 vs 2003-04
Year-over-year budget comparison showing how Maharashtra's fiscal priorities have changed
Budget Growth — 2004-05 vs 2003-04
2004-05
Rs 59,500 crore
2003-04
Rs 53,000 crore
2004-05
Rs 47,200 crore
2003-04
Rs 40,500 crore
2004-05
Rs 8,500 crore
2003-04
Rs 7,100 crore
2004-05
Rs 30,680 crore
2003-04
Rs 26,325 crore
2004-05
2.8%
2003-04
3.4%
2004-05
Rs 8,800 crore
2003-04
Rs 7,900 crore
Receipts & Expenditure — Year-over-Year Change
| Particulars | 2004-05 | 2003-04 | Difference |
|---|---|---|---|
| Total Receipts | Rs 47,200 crore | Rs 40,500 crore | +16.5% |
| Tax Revenue (Net) | Rs 30,680 crore | Rs 26,325 crore | +16.5% |
| Non-Tax Revenue | Rs 7,080 crore | Rs 6,075 crore | +16.5% |
| Total Expenditure | Rs 59,500 crore | Rs 53,000 crore | +12.3% |
| Revenue Expenditure | Rs 51,000 crore | Rs 45,900 crore | +11.1% |
| Capital Expenditure | Rs 8,500 crore | Rs 7,100 crore | +19.7% |
| Interest Payments | Rs 8,800 crore | Rs 7,900 crore | +11.4% |
| Fiscal Deficit | Rs 12,000 crore | Rs 12,700 crore | -5.5% |
| Fiscal Deficit (% of GDP) | 2.8% | 3.4% | — |
| Debt-to-GDP Ratio | 25.4% | 26.6% | — |
How Has Maharashtra's Budget Changed from 2003-04 to 2004-05?
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 2004-05 budget analysis or view all available comparisons.
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