Maharashtra Budget 2023 Live Updates: Today, the Shinde-Fadnavis government is going to present its first budget (Maharashtra Budget 2023) after coming to power in the state. It is special that Deputy Chief Minister Devendra Fadnavis is going to present the budget for the first time as he is in charge of Finance Department. Keeping in mind the elections to local bodies in the state including Mumbai, Thane, Pune Municipal Corporation, while providing relief to the citizens of urban areas, there is a possibility that the budget will focus on the agriculture sector.
Deputy Chief Minister Devendra Fadnavis had said that this will not be the state budget but the grand budget. Fadnavis had discussed with all the ministers, secretaries, industry associations for what should be included in the budget. Major announcements are likely to be made regarding infrastructure, various projects for urban areas, substantial provision for agriculture sector, package for farmers etc. In the next few months, the Mini Vidhan Sabha i.e. local self government elections are going to be held in the state. Accordingly, there are indications of substantial provision in this budget for roads, bridges, irrigation projects and other works in MLA’s constituencies.
Devendra Fadnavis to present state budget today | The growth rate of the state is less than the growth rate of the country
On Wednesday, the financial audit report of the state was presented in the Legislative Assembly. According to the forecast for the year 2022-23, the economic growth rate of the state is predicted to increase by 6.8 percent. The country’s economy is expected to grow by 7.0 percent. The state’s agriculture and allied activities sector is projected to grow by 10.2 percent. At the same time, 6.1 percent growth in the industry sector and 6.4 percent growth in the service sector is expected from the Economic Survey Report.
6 lakh 49 thousand 699 crore debt is expected on the state in 2022-23. The debt interest burden on the state is Rs 46 thousand crores. Wages and pensions are expected to account for 44.1 percent of the state’s total revenue expenditure in 2022-23. Meanwhile, the growth rate of Maharashtra is lower than the growth rate of the country.
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