महाराष्ट्र राज्य बजट 2021-22 विश्लेषण

मुख्य बातें

• Maharashtra's total expenditure in 2021-22 reached approximately Rs 4,25,000 crore, reflecting a strong post-pandemic recovery after the devastating second COVID wave of April-June 2021.
• Revenue receipts rebounded to Rs 3,45,000 crore, growing 30% year-on-year as GST collections surged and the economy recovered from the pandemic contraction.
• Tax revenue at Rs 2,25,000 crore recorded 34% growth, with SGST collections benefiting from inflation-driven nominal GDP expansion and improved compliance through e-invoicing.
• The political upheaval of June 2022, when Eknath Shinde led a Sena rebel faction to split the party and form government with BJP, occurred just days before the fiscal year ended.
• Revenue deficit narrowed to Rs 20,000 crore as buoyant tax revenues outpaced expenditure growth, signaling fiscal recovery from the pandemic deterioration.
• Fiscal deficit at Rs 72,000 crore or 2.3% of GSDP remained within FRBM limits despite pandemic-related expenditure overhang and infrastructure spending acceleration.
• Capital expenditure of Rs 60,000 crore reached record levels, with Mumbai Metro Line 3 nearing completion and the Samruddhi Mahamarg partially opening.
• Interest payments at Rs 45,000 crore consumed 13% of revenue receipts, a manageable ratio despite the pandemic-era debt accumulation.
• Outstanding debt crossed Rs 6,40,000 crore at a debt-to-GSDP ratio of 20.3%, elevated from the pre-pandemic level of 17.8% but beginning to stabilize.
• The second COVID wave overwhelmed Maharashtra's healthcare system in April-May 2021, with emergency health spending of Rs 8,000 crore on oxygen supply, ICU expansion, and vaccination.
• Stamp duty collections surged to Rs 35,000 crore following the temporary stamp duty cut in 2020-21 and a massive real estate demand surge in Mumbai and Pune.
• GST compensation from the Centre of Rs 12,000 crore helped bridge the revenue gap, though the compensation mechanism was set to expire in June 2022.
• Mumbai Trans-Harbour Link construction accelerated with Rs 5,000 crore in spending, the 22-km sea bridge nearing structural completion.
• Industrial investment commitments of Rs 2,50,000 crore were attracted through Magnetic Maharashtra events, with Foxconn, Vedanta, and Tata-Airbus among major investment announcements.