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Punjab vs Maharashtra — Budget Comparison 2022-23

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

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Key Budget Metrics — Punjab vs Maharashtra

Total Expenditure

Punjab

Rs 1.4 lakh crore

Maharashtra

Rs 4.9 lakh crore

Punjab is -71.4% lower
Total Receipts

Punjab

Rs 96,500 crore

Maharashtra

Rs 3.95 lakh crore

Punjab is -75.6% lower
Capital Expenditure

Punjab

Rs 18,000 crore

Maharashtra

Rs 72,000 crore

Punjab is -75.0% lower
Tax Revenue

Punjab

Rs 47,500 crore

Maharashtra

Rs 2.58 lakh crore

Punjab is -81.6% lower
Fiscal Deficit (% GDP)

Punjab

5.5%

Maharashtra

2.3%

Punjab is +139.1% higher
Interest Payments

Punjab

Rs 22,700 crore

Maharashtra

Rs 48,000 crore

Punjab is -52.7% lower

Receipts & Expenditure Comparison — 2022-23

ParticularsPunjabMaharashtraDifference
Total ReceiptsRs 96,500 croreRs 3.95 lakh crore-75.6%
Tax Revenue (Net)Rs 47,500 croreRs 2.58 lakh crore-81.6%
Non-Tax RevenueRs 12,500 croreRs 1.37 lakh crore-90.9%
Total ExpenditureRs 1.4 lakh croreRs 4.9 lakh crore-71.4%
Revenue ExpenditureRs 1.22 lakh croreRs 4.18 lakh crore-70.8%
Capital ExpenditureRs 18,000 croreRs 72,000 crore-75.0%
Interest PaymentsRs 22,700 croreRs 48,000 crore-52.7%
Fiscal DeficitRs 35,500 croreRs 80,000 crore-55.6%
Fiscal Deficit (% of GDP)5.5%2.3%—
Debt-to-GDP Ratio46.2%19.7%—

Punjab — Revenue Composition

Maharashtra — Revenue Composition

Punjab vs Maharashtra Budget Analysis 2022-23

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 2022-23 analysis. You can also explore other budget comparisons across states and years.

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