Punjab vs Maharashtra â Budget Comparison 2022-23
Side-by-side comparison of government budget data for FY 2022-23
Key Budget Metrics â Punjab vs Maharashtra
Punjab
Rs 1.4 lakh crore
Maharashtra
Rs 4.9 lakh crore
Punjab
Rs 96,500 crore
Maharashtra
Rs 3.95 lakh crore
Punjab
Rs 18,000 crore
Maharashtra
Rs 72,000 crore
Punjab
Rs 47,500 crore
Maharashtra
Rs 2.58 lakh crore
Punjab
5.5%
Maharashtra
2.3%
Punjab
Rs 22,700 crore
Maharashtra
Rs 48,000 crore
Receipts & Expenditure Comparison â 2022-23
| Particulars | Punjab | Maharashtra | Difference |
|---|---|---|---|
| Total Receipts | Rs 96,500 crore | Rs 3.95 lakh crore | -75.6% |
| Tax Revenue (Net) | Rs 47,500 crore | Rs 2.58 lakh crore | -81.6% |
| Non-Tax Revenue | Rs 12,500 crore | Rs 1.37 lakh crore | -90.9% |
| Total Expenditure | Rs 1.4 lakh crore | Rs 4.9 lakh crore | -71.4% |
| Revenue Expenditure | Rs 1.22 lakh crore | Rs 4.18 lakh crore | -70.8% |
| Capital Expenditure | Rs 18,000 crore | Rs 72,000 crore | -75.0% |
| Interest Payments | Rs 22,700 crore | Rs 48,000 crore | -52.7% |
| Fiscal Deficit | Rs 35,500 crore | Rs 80,000 crore | -55.6% |
| Fiscal Deficit (% of GDP) | 5.5% | 2.3% | â |
| Debt-to-GDP Ratio | 46.2% | 19.7% | â |
Punjab â Revenue Composition
Maharashtra â 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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