Punjab vs Maharashtra — Budget Comparison 2021-22
Side-by-side comparison of government budget data for FY 2021-22
Key Budget Metrics — Punjab vs Maharashtra
Punjab
Rs 1.19 lakh crore
Maharashtra
Rs 4.25 lakh crore
Punjab
Rs 82,500 crore
Maharashtra
Rs 3.45 lakh crore
Punjab
Rs 14,500 crore
Maharashtra
Rs 60,000 crore
Punjab
Rs 40,200 crore
Maharashtra
Rs 2.25 lakh crore
Punjab
5.2%
Maharashtra
2.3%
Punjab
Rs 20,800 crore
Maharashtra
Rs 45,000 crore
Receipts & Expenditure Comparison — 2021-22
| Particulars | Punjab | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 82,500 crore | Rs 3.45 lakh crore | -76.1% |
| Tax Revenue (Net) | Rs 40,200 crore | Rs 2.25 lakh crore | -82.1% |
| Non-Tax Revenue | Rs 10,800 crore | Rs 1.2 lakh crore | -91.0% |
| Total Expenditure | Rs 1.19 lakh crore | Rs 4.25 lakh crore | -72.1% |
| Revenue Expenditure | Rs 1.04 lakh crore | Rs 3.65 lakh crore | -71.5% |
| Capital Expenditure | Rs 14,500 crore | Rs 60,000 crore | -75.8% |
| Interest Payments | Rs 20,800 crore | Rs 45,000 crore | -53.8% |
| Fiscal Deficit | Rs 30,000 crore | Rs 72,000 crore | -58.3% |
| Fiscal Deficit (% of GDP) | 5.2% | 2.3% | — |
| Debt-to-GDP Ratio | 46.4% | 20.3% | — |
Punjab — Revenue Composition
Maharashtra — Revenue Composition
Punjab vs Maharashtra Budget Analysis 2021-22
Comparing the budgets of Punjab 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 2021-22 analysis. You can also explore other budget comparisons across states and years.
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