Budget basis for 2015-16
Inflation y-o-y January 2015 5.11%
If we assume 10% growth rate the budget amounts have to be higher by around 15%.
Maharashtra State Budget 2014 - 15
Projected revenue deficit: of Rs 4,103 crore (against Rs 3,017 crore in 2013-14)
The revenue deficit is 0.2 per cent of gross state domestic product (GSDP).
At Rs 30,965 crore, the state government’s fiscal deficit is 1.9 per cent of the GSDP.
Debt of Rs 3,00,477 crore accounts for 18.2 per cent of GSDP.
At current prices, the GSDP is estimated at Rs 16,53,381 crore.
Estimated revenue receipts: Rs 1,80,320 crore (15.6% increases)
Revenue expenditure: Rs 1,84,423 crore. (18.37% increase)
Maharashtra's budget for 2013-14.
Key highlights of the budget
Revenue surplus budget of Rs 184.38 crore
Revenue receipts estimate at Rs 1,55,986.95 crore
Revenue expenditure estimate at Rs 1,55,802.57 crore
Annual plan sized proposed at Rs 46,938 crore for 2013-14 compared to Rs 45,000 crore in 2012-13
Total tax proposals to mobilize at Rs 1,150 crore
Sales Tax & VAT Rs 62,422 crore in 2013-14 compared to Rs 53,361 crore in 2012-13
Stamp Duty & Registration Rs 17,703 crore in 2013-14 against Rs 15,730 crore in 2012-13
Motor Vehicle Tax Rs 4,750 crore in 2013-14 against Rs 4,200 crore in 2012-13
Revenue surplus budget of Rs 184.38 crore compared to Rs 156 crore in 2012-13