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Maharashtra Budget – 2016-17: Need to scale up Revenue & not curtail Social Spending
Maharashtra accounts for nearly 14% of gross state domestic product (GSDP) of all states. Being one of the largest states in the country, its fiscal strength has a definite bearing on the combined finances of both central and state governments. This article aims to examine the fiscal scenario of the state of Maharashtra by examining trends in its receipts and expenditure of the recent years. In addition, we have considered the actuals for the first half (that is, April-September) of 2016-17 and compared the same with that of the corresponding period of last year.
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