Maharashtra Budget — 2020-21 vs 2019-20
Year-over-year budget comparison showing how Maharashtra's fiscal priorities have changed
Budget Growth — 2020-21 vs 2019-20
2020-21
Rs 3.58 lakh crore
2019-20
Rs 3.72 lakh crore
2020-21
Rs 2.65 lakh crore
2019-20
Rs 2.98 lakh crore
2020-21
Rs 48,000 crore
2019-20
Rs 52,000 crore
2020-21
Rs 1.68 lakh crore
2019-20
Rs 1.95 lakh crore
2020-21
3.2%
2019-20
2.1%
2020-21
Rs 42,000 crore
2019-20
Rs 40,000 crore
Receipts & Expenditure — Year-over-Year Change
| Particulars | 2020-21 | 2019-20 | Difference |
|---|---|---|---|
| Total Receipts | Rs 2.65 lakh crore | Rs 2.98 lakh crore | -11.1% |
| Tax Revenue (Net) | Rs 1.68 lakh crore | Rs 1.95 lakh crore | -13.8% |
| Non-Tax Revenue | Rs 97,000 crore | Rs 1.03 lakh crore | -5.8% |
| Total Expenditure | Rs 3.58 lakh crore | Rs 3.72 lakh crore | -3.8% |
| Revenue Expenditure | Rs 3.1 lakh crore | Rs 3.2 lakh crore | -3.1% |
| Capital Expenditure | Rs 48,000 crore | Rs 52,000 crore | -7.7% |
| Interest Payments | Rs 42,000 crore | Rs 40,000 crore | +5.0% |
| Fiscal Deficit | Rs 85,000 crore | Rs 60,000 crore | +41.7% |
| Fiscal Deficit (% of GDP) | 3.2% | 2.1% | — |
| Debt-to-GDP Ratio | 22.5% | 17.8% | — |
How Has Maharashtra's Budget Changed from 2019-20 to 2020-21?
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 2020-21 budget analysis or view all available comparisons.
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