The recently unveiled budget by the Mahayuti government in the state of Maharashtra has shed light on some concerning financial figures. Revealing a staggering debt of Rs 9.3 lakh crore and a revenue deficit of Rs 45,891 crore for the upcoming fiscal year 2025-26, the state is facing significant economic challenges. The budget prioritizes sustaining existing schemes over introducing new initiatives, with a notable increase in allocations for local body polls. To address the financial shortfall, the government has proposed new taxes aimed at generating an additional revenue of Rs 1,125 crore. The budget reflects a cautious approach towards fiscal management, emphasizing the need for revenue generation and debt control in the state.
Posted in
JUST IN
Mahayuti govt’s first Budget unveils record debt, Rs 45,891 crore deficit for 2025-26, focuses on existing schemes.
In Trend
“Supreme Court Acquits Man Jailed for Allegedly Burning Wife in Tamil Nadu Due to Inconsistencies in Evidence”
