Maharashtra Finance Minister Sudhir Mungtiwar on Wednesday presented the state’s interim budget before the legislative assembly. Being an interim budget, this will allow the government to utilise the funds for the upcoming four months – April 2019 to July 2019.
For the financial year 2019-20, Mungtiwar estimated ₹3,14,489 crore as the revenue income of the state while the revenue expenditure was estimated to be ₹3,34,273.39 crore. Therefore, the Maharashtra government has presented a budget with the revenue loss of ₹19,784.38 crore.
However, in the interim budget, several special schemes were announced for Mumbai and the grants for the ongoing projects in the city has also been increased.
Maharashtra government has started the construction of Nagpur-Mumbai Samriddh Mahamarg (highway) acquiring 700 kilometres of land. For its dream project, the state government has already acquired land worth ₹7,000 crore.
The interim budget also focused on developing and improving Mumbai’s local trains. For this, Mumbai Railway Development Corporation has been given funds worth ₹55,000 crore under the Mumbai Citizen Transport Project Part 3. The expenses regarding the same will be bear by both state and central government.
Finance Minister Sudhir Mungantiwar on Wednesday said that the metro network in Mumbai will be increased from existing 11.4 kilometres to 276 km and the Mumbai Metropolitan Region Development Authority (MMRDA) has been given permission to construct a network of 276 km.
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The state finance minister further informed that the metro will be extended to cities around Mumbai like Thane, Meera-Bhayandar, Vasai, Virar, Kalyan-Dombivli and Bhiwandi. Metro projects are also underway in Nagpur, Pune and Navi Mumbai.
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