According to the Economic Survey 2023-24 presented in the Maharashtra Assembly on Thursday by Deputy Chief Minister Ajit Pawar, although public debt has increased to 17.6 per cent of gross state domestic product (GSDP) against 16.5 per cent, it is well within the range of Rs. The prescribed limit of 25 percent of GSDP as per medium term fiscal policy. Public debt refers to the accumulated outstanding debts and other liabilities of the state.
Moreover, the state's expenditure on interest payments increased to Rs 48,578 crore as against Rs 41,689 crore during the same period, an increase of 16.52 per cent.
The state's revenue receipts are estimated at Rs 4,86,116 crore as against Rs 4,05,678 crore. Of the Rs 4,86,116 crore, the state's tax revenue is estimated at Rs 3,96,052 crore, which includes Rs 3,26,398 crore from its taxes and Rs 69,654 crore on account of share with the central states.
Non-tax revenue including central grants is estimated at Rs 90,064 crore. Actual revenue receipts (RE) during 2023-24 till February stood at Rs 3,73,924 crore (76.9 per cent of RE).
The state's revenue expenditure is estimated at Rs 5,05,647 crore as against Rs 4,07,614 crore. Actual revenue expenditure during 2023-24 till February was Rs 3,35,761 crore (66.4 per cent of RE). Revenue deficit is likely to be Rs 19,532 crore as against Rs 1,936 crore.
As of 2023-24 (RE), the share of capital receipts in total receipts is 25.9 per cent and the share of capital expenditure in total expenditure is 23.0 per cent.
The percentage of fiscal deficit on GSDP is 2.8 percent, the percentage of revenue deficit on GSDP is 0.5 percent.
The total estimated expenditure for Annual Plans 2023-24 is Rs 2,31,651 crore, of which Rs 20,188 crore is on District Annual Plans.
Moreover, the state's expenditure on interest payments increased to Rs 48,578 crore as against Rs 41,689 crore during the same period, an increase of 16.52 per cent.
The state's revenue receipts are estimated at Rs 4,86,116 crore as against Rs 4,05,678 crore. Of the Rs 4,86,116 crore, the state's tax revenue is estimated at Rs 3,96,052 crore, which includes Rs 3,26,398 crore from its taxes and Rs 69,654 crore on account of share with the central states.
Non-tax revenue including central grants is estimated at Rs 90,064 crore. Actual revenue receipts (RE) during 2023-24 till February stood at Rs 3,73,924 crore (76.9 per cent of RE).
The state's revenue expenditure is estimated at Rs 5,05,647 crore as against Rs 4,07,614 crore. Actual revenue expenditure during 2023-24 till February was Rs 3,35,761 crore (66.4 per cent of RE). Revenue deficit is likely to be Rs 19,532 crore as against Rs 1,936 crore.
As of 2023-24 (RE), the share of capital receipts in total receipts is 25.9 per cent and the share of capital expenditure in total expenditure is 23.0 per cent.
The percentage of fiscal deficit on GSDP is 2.8 percent, the percentage of revenue deficit on GSDP is 0.5 percent.
The total estimated expenditure for Annual Plans 2023-24 is Rs 2,31,651 crore, of which Rs 20,188 crore is on District Annual Plans.
