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Maharashtra vs Madhya Pradesh — Budget Comparison 2022-23

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

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Key Budget Metrics — Maharashtra vs Madhya Pradesh

Total Expenditure

Maharashtra

Rs 4.9 lakh crore

Madhya Pradesh

Rs 2.69 lakh crore

Maharashtra is +82.4% higher
Total Receipts

Maharashtra

Rs 3.95 lakh crore

Madhya Pradesh

Rs 2.04 lakh crore

Maharashtra is +93.6% higher
Capital Expenditure

Maharashtra

Rs 72,000 crore

Madhya Pradesh

Rs 68,805 crore

Maharashtra is +4.6% higher
Tax Revenue

Maharashtra

Rs 2.58 lakh crore

Madhya Pradesh

Rs 1.47 lakh crore

Maharashtra is +75.3% higher
Fiscal Deficit (% GDP)

Maharashtra

2.3%

Madhya Pradesh

3.1%

Maharashtra is -26.0% lower
Interest Payments

Maharashtra

Rs 48,000 crore

Madhya Pradesh

Rs 19,453 crore

Maharashtra is +146.7% higher

Receipts & Expenditure Comparison — 2022-23

ParticularsMaharashtraMadhya PradeshDifference
Total ReceiptsRs 3.95 lakh croreRs 2.04 lakh crore+93.6%
Tax Revenue (Net)Rs 2.58 lakh croreRs 1.47 lakh crore+75.3%
Non-Tax RevenueRs 1.37 lakh croreRs 19,878 crore+589.2%
Total ExpenditureRs 4.9 lakh croreRs 2.69 lakh crore+82.4%
Revenue ExpenditureRs 4.18 lakh croreRs 2 lakh crore+109.1%
Capital ExpenditureRs 72,000 croreRs 68,805 crore+4.6%
Interest PaymentsRs 48,000 croreRs 19,453 crore+146.7%
Fiscal DeficitRs 80,000 croreRs 41,203 crore+94.2%
Fiscal Deficit (% of GDP)2.3%3.11%—
Debt-to-GDP Ratio19.7%—%—

Maharashtra — Revenue Composition

Madhya Pradesh — Revenue Composition

Maharashtra vs Madhya Pradesh Budget Analysis 2022-23

Comparing the budgets of Maharashtra and Madhya Pradesh 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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