Maharashtra's 2025-26 Budget unveils record debt and deficit, no major schemes, increased local body funds, and new taxes.
The Maharashtra state government's first Budget post the Mahayuti government's victory discloses a staggering debt of Rs 9.3 lakh crore and a revenue deficit of Rs 4
The Maharashtra state government's first Budget post the Mahayuti government's victory discloses a staggering debt of Rs 9.3 lakh crore and a revenue deficit of Rs 45,891 crore for the fiscal year 2025-26. The Budget primarily concentrates on the continuation of current schemes rather than launching new major initiatives. Notably, there is a notable increment in budget allocations for local body polls, while the introduction of new taxes is suggested to generate an additional revenue of Rs 1,125 crore.