“A series of proposals including Mukhamantri Ladki Bahin Yojana, free electricity of up to 7.5 HP for farmers, three free cylinders for women and training for youth in the additional budget 2024-25 are not Jumla elections but the firm commitment of the government to transform the state. accelerate growth and stimulate development of all sectors of society,” the Deputy Chief Minister said.
He said the opposition should not indulge in setting a "false narrative" as was done during the Lok Sabha elections, adding that it will not work in the upcoming assembly elections as the government is committed to implementing the budget proposals. backed by the necessary financial funds. assignments.
The Deputy Chief Minister, in his response to the budget debate in the state assembly, reiterated the state government's determination to make Maharashtra a trillion-dollar economy, saying the government has taken several steps in this regard.
“At the current dollar exchange rate, the trillion-dollar economy will be worth Rs 82.92 lakh crore. The state economy is expected to be worth Rs 44.44 lakh crore in 2024-25, which is an increase of 10.9 per cent compared to the GSDP of 2023-23,” the Deputy Chief Minister said.
Responding to opposition criticism over rising public debt, the Deputy Chief Minister said the public debt is expected to be Rs 7.82 lakh crore in 2024-25, which will be 18.35 per cent of the Gross State Domestic Product (GSDP) against the limit of 25 percent of GDPD.
He said that as the economy grows, public debt will surely increase, but the government is able to bear the burden with greater revenue mobilization. The government estimates an outlay of Rs 56,722 crore for interest payments.
The Deputy Chief Minister added that both the revenue shortfall of Rs 20,051 crore and fiscal deficit of Rs 1.10 crore estimated in 2024-25 were within the limits of the GSDP as prescribed under the Fiscal Responsibility and Budget Management Act. and also according to the limit set by the Finance Commission.
He also denied that Maharashtra has lost pre-eminence in attracting domestic and foreign investments, saying the state remains number one among other states.
"Do not allow yourself to make misleading statements that may affect the flow of investments," the Deputy Chief Minister appealed to the opposition.
He also responded to the opposition for his allegations related to flying industrial projects like Bulk Drug park, Tata Airbus defense helicopter manufacturing project and Safran project to other states.
“The government has reserved the land and is developing the Bulk Medicine project. The government had not received any proposal for the Tata Airbus project. In the case of Safran MRO project, Defense Minister Rajnath Singh has already made an announcement. There is no truth in the opposition's claims,” he stated.
The Deputy Chief Minister said the BJP-led NDA government, after assuming control, approved the Rs 76,000-crore Vadhavan port project in the state, which will create 10 lakh jobs.
He added that investment in Vadhavan port can further increase up to Rs 1 lakh crore.
He said the opposition should not indulge in setting a "false narrative" as was done during the Lok Sabha elections, adding that it will not work in the upcoming assembly elections as the government is committed to implementing the budget proposals. backed by the necessary financial funds. assignments.
The Deputy Chief Minister, in his response to the budget debate in the state assembly, reiterated the state government's determination to make Maharashtra a trillion-dollar economy, saying the government has taken several steps in this regard.
“At the current dollar exchange rate, the trillion-dollar economy will be worth Rs 82.92 lakh crore. The state economy is expected to be worth Rs 44.44 lakh crore in 2024-25, which is an increase of 10.9 per cent compared to the GSDP of 2023-23,” the Deputy Chief Minister said.
Responding to opposition criticism over rising public debt, the Deputy Chief Minister said the public debt is expected to be Rs 7.82 lakh crore in 2024-25, which will be 18.35 per cent of the Gross State Domestic Product (GSDP) against the limit of 25 percent of GDPD.
He said that as the economy grows, public debt will surely increase, but the government is able to bear the burden with greater revenue mobilization. The government estimates an outlay of Rs 56,722 crore for interest payments.
The Deputy Chief Minister added that both the revenue shortfall of Rs 20,051 crore and fiscal deficit of Rs 1.10 crore estimated in 2024-25 were within the limits of the GSDP as prescribed under the Fiscal Responsibility and Budget Management Act. and also according to the limit set by the Finance Commission.
He also denied that Maharashtra has lost pre-eminence in attracting domestic and foreign investments, saying the state remains number one among other states.
"Do not allow yourself to make misleading statements that may affect the flow of investments," the Deputy Chief Minister appealed to the opposition.
He also responded to the opposition for his allegations related to flying industrial projects like Bulk Drug park, Tata Airbus defense helicopter manufacturing project and Safran project to other states.
“The government has reserved the land and is developing the Bulk Medicine project. The government had not received any proposal for the Tata Airbus project. In the case of Safran MRO project, Defense Minister Rajnath Singh has already made an announcement. There is no truth in the opposition's claims,” he stated.
The Deputy Chief Minister said the BJP-led NDA government, after assuming control, approved the Rs 76,000-crore Vadhavan port project in the state, which will create 10 lakh jobs.
He added that investment in Vadhavan port can further increase up to Rs 1 lakh crore.
