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Maharashtra Budget Session Set: Fadnavis to Present ₹7 Lakh Crore Plan

The Maharashtra legislature's budget session is scheduled from February 23 to March 25, with Chief Minister Devendra Fadnavis set to present the annual budget for 2026-27 on March 6. The session will begin with condolences for the late Deputy CM Ajit Pawar, followed by the presentation of the Economic Survey and supplementary demands. The budget comes amid a state public debt exceeding ₹9.30 lakh crore and a fiscal deficit target of 2% of GSDP, with significant portions of revenue consumed by salaries, pensions, and interest. The government aims to outline a roadmap for the ambitious Viksit Maharashtra 2047 mission while managing fiscal pressures from welfare schemes and committed expenditures.

Key Points: Maharashtra Budget Session Schedule & Fiscal Targets

  • Session from Feb 23 to March 25
  • Budget on March 6, Economic Survey on March 5
  • Public debt crosses ₹9.30 lakh crore
  • Focus on Viksit Maharashtra 2047 mission
  • Fiscal deficit targeted at 2% of GSDP
2 min read

Maha budget session to be held from Feb 23 to March 25

Maharashtra's budget session from Feb 23 to Mar 25. CM Fadnavis to present 2026-27 budget with focus on Viksit Maharashtra 2047 and fiscal health.

"The state's fiscal health is characterised by steady growth... but under pressure from high committed expenditures. - Report"

Mumbai, Feb 10

The Business Advisory Committees of the Maharashtra Legislative Assembly and Council, at their meetings held on Tuesday, approved the schedule for the upcoming budget session of the state legislature from February 23 to March 25.

The Chief Minister Devendra Fadnavis, who holds the Planning and Finance Departments after the sudden and untimely death of former Deputy Chief Minister Ajit Pawar, will present the annual budget for 2026-27 on March 6.

The government will present the Economic Survey for 2025-26 on March 5. Both houses of the state legislature on the first day of February 23 will express condolences over the death of Ajit Pawar. The government will also lay papers and present the supplementary demands on the same day.

The BJP-led MahaYuti government is expected to corner the opposition during various debates, especially in the wake of its successive victories in the elections to the nagar panchayats, nagar parishads, municipal corporations, panchayat samitis and zilla parishads.

The government is expected to roadmap for the implementation of a much more ambitious Vision Document to achieve a USD 5 trillion under the Viksit Maharashtra 2047 mission.

The government will present the budget for 2026-27 when the state public debt has crossed Rs 9.30 lakh crore. The Revenue Deficit is targeted at 0.9 per cent of GSDP (Rs 45,891 crore).

This is a significant increase from 0.6 per cent in 2024-25, primarily due to large-scale welfare schemes. The Fiscal Deficit is targeted at 2 per cent of GSDP (Rs 1,36,235 crore), staying within the Fiscal Responsibility and Budget Management (FRBM) Act's 3 per cent limit.

The Debt-to-GSDP Ratio, which is historically around 17-18 per cent, was projected to remain sustainable but under observation due to increased borrowings for capital projects.

In the case of Committed Expenditure, approximately 56 per cent of revenue receipts are consumed by salaries (31 per cent), pensions (13 per cent), and interest payments (12 per cent).

The state's fiscal health is characterised by steady growth in the GSDP but under pressure from high committed expenditures and new cash-transfer schemes.

The Gross State Domestic Product (GSDP) was projected at Rs 49.39 lakh crore, a 9 per cent growth over the previous year (current prices).

The total expenditure was estimated at Rs 7,00,020 crore (excluding debt repayment), an increase of 4 per cent from the 2024-25 revised estimates.

Moreover, the government is expected to release an action plan for the effective implementation of administrative reforms to curb red tape.

- IANS

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Reader Comments

S
Shreya B
My condolences to Ajit Pawar's family. It's good to see the session will begin by paying respects. On the budget, I really hope they allocate more funds for women's safety and public transport in Mumbai. The local trains are a nightmare! 🚆
A
Aman W
Vision for 2047 is good, but what about today's problems? 56% of revenue on salaries, pensions, and interest? That leaves very little for actual development. Need serious administrative reform to cut wasteful expenditure. The action plan better be solid.
P
Priyanka N
As a teacher, I'm watching closely. Hope the budget increases allocation for education, especially for upgrading government school facilities. The GSDP growth sounds positive, but it must translate to better classrooms and resources for our children. 📚
V
Varun X
The fiscal deficit is within limits, which is a relief. But with local body election wins, the government might get overconfident and spend recklessly. The opposition needs to ask tough questions about the debt and these cash-transfer schemes.
K
Kavitha C
Farmers are struggling with unseasonal rains. The budget must have a concrete plan for crop insurance and rural infrastructure. Viksit Maharashtra won't happen if the villages are left behind. Jai Maharashtra! 👩‍🌾

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