Are Maharashtra's Supplementary Demands of Rs 75,286.38 Cr a Response to Rising Debt?
Synopsis
Key Takeaways
- Maharashtra's supplementary demands total Rs 75,286.38 crore.
- Focus on aid for farmers affected by adverse weather.
- Significant allocations for welfare and infrastructure improvements.
- Public debt currently stands at Rs 9.32 lakh crore.
- Strategic response to rising fiscal deficits and economic challenges.
Nagpur, Dec 8 (NationPress) In light of the increasing public debt of Rs 9.32 lakh crore and escalating revenue and fiscal deficits, the Maharashtra government has introduced supplementary demands totaling Rs 75,286.38 crore to the state legislature. This announcement was made by Deputy Chief Minister and Finance Minister Ajit Pawar on the inaugural day of the week-long winter session.
Of the total proposed budget, Rs 15,648 crore is allocated for compensation and financial support to farmers impacted by adverse weather conditions, coinciding with a Rs 32,000 crore relief initiative for those affected by severe weather.
The revenue and forest department has been granted Rs 15,721.08 crore. Additionally, Rs 9,250 crore has been set aside to subsidize electricity costs for agricultural pumps and consumers of power loom and handloom. Moreover, Rs 6,103 crore is designated to provide monthly assistance of Rs 1,500 to eligible individuals under the Ladki Bahin Yojana.
Other welfare initiatives will receive Rs 5,024.48 crore for the women and child development department. The state has also allocated Rs 4,439.74 crore as its contribution to the Centre's interest-free loan over forty years, along with Rs 3,500 crore combined for the Mahatma Gandhi National Rural Employment Scheme.
Urban local bodies are set to receive Rs 2,200 crore as special grants aimed at enhancing basic amenities and infrastructure. The government has earmarked Rs 3,281.79 crore for the Pradhan Mantri Jan Arogya Yojana and Pradhan Mantri Ayushman schemes, along with Rs 2,500 crore for stamp duty cess refunds tied to civic and metro projects.
Further allocations include Rs 9,205 crore for the industry, energy, labour, and mining department, Rs 9,115.76 crore for urban development, especially before elections in 29 municipal corporations, including the Brihanmumbai Municipal Corporation, and Rs 6,347.41 crore for the public works department. The planning department has also received Rs 4,853.99 crore as part of the government's vision for Viksit Maharashtra 2047.
Additional allocations consist of Rs 3,861.12 crore for the home department, Rs 3,602 crore for public health, Rs 3,223.39 crore for water resources, Rs 2,395.44 crore for school education and sports, and Rs 2,314.50 crore for social justice.
The state government, which previously presented a Rs 7.06 lakh crore budget for 2025-26, sought supplementary demands of Rs 33,738 crore in December 2024 after the formation of the government led by Devendra Fadnavis. These funds were aimed at payments under the Ladki Bahin scheme, the statue of Shivaji Maharaj, and repairs to PWD roads.
During the budget session in March, additional demands worth Rs 6,486 crore were requested for regular expenses, while the July monsoon session saw supplementary demands of Rs 57,509 crore for welfare programs, Finance Commission grants, and preparations for the Kumbh Mela.
Since the Mahayuti government assumed office, supplementary allocations totaling Rs 1,73,019 crore have been requested.