महाराष्ट्र राज्य बजट 2019-20 विश्लेषण

मुख्य बातें

• Maharashtra's total expenditure in 2019-20 reached approximately Rs 3,72,000 crore, a year disrupted by the COVID-19 lockdown in March 2020 and a dramatic mid-year political transition.
• Revenue receipts of Rs 2,98,000 crore grew just 1.4% year-on-year as GST collections weakened from the pre-pandemic economic slowdown and the March 2020 lockdown eliminated final quarter revenues.
• Tax revenue at Rs 1,95,000 crore was virtually flat compared to the previous year, with SGST collections falling short of targets and the GST compensation mechanism becoming critical fiscal support.
• The Maha Vikas Aghadi coalition of Shiv Sena, NCP, and Congress assumed power in November 2019 under Chief Minister Uddhav Thackeray after Devendra Fadnavis's brief second government lasted just 80 hours.
• Revenue deficit widened sharply to Rs 22,000 crore as the economic slowdown and political transition disrupted revenue mobilization while expenditure commitments continued.
• Fiscal deficit at Rs 60,000 crore or 2.1% of GSDP breached the state's own conservative target, though it remained within the FRBM ceiling of 3%.
• Capital expenditure of Rs 52,000 crore sustained infrastructure programs including ongoing Mumbai Metro construction and Samruddhi Mahamarg progress despite the political upheaval.
• Interest payments at Rs 40,000 crore consumed 13.4% of revenue receipts, rising in absolute terms with the growing debt stock.
• The COVID-19 pandemic struck Maharashtra on March 9, 2020 with India's first case cluster in Pune, triggering a statewide lockdown from March 22 that froze all economic activity for the final 10 days of the fiscal year.
• Outstanding debt rose to Rs 5,30,000 crore at a debt-to-GSDP ratio of 17.8%, as borrowings increased to cover the revenue shortfall.
• Mumbai Metro Line 3 tunneling reached 75% completion, with Rs 8,000 crore spent on the underground corridor during the year.
• Agricultural spending of Rs 18,000 crore included the Mahatma Jyotirao Phule loan waiver scheme announced by the new MVA government for loans up to Rs 2 lakh.
• Market borrowings jumped to Rs 43,000 crore as the state front-loaded borrowing to manage cash flow pressures from the economic slowdown.
• Health infrastructure received Rs 14,000 crore, with pandemic preparedness investments beginning in the final month including PPE procurement and hospital bed expansion.