Maharashtra Finance Minister Sudhir Mungantiwar on Tuesday will present the financial budget before the legislative assembly on the second day of monsoon session in Mumbai. The budget will be tabled around 2:00 in the afternoon.
The ruling government in Maharashtra is set to table the budget for coming months until the state Assembly elections which are scheduled in September-October are concluded. This will be the last budget for the current state government.
Earlier, an interim budget was presented before the legislative assembly in February this year with an estimated revenue deficit of ₹19,784 crore. The interim budget was tabled for four months - April to July.
The emphasis of this budget is expected to be on the populist schemes catering to the major problem of farmers distress in the state. Moreover, budget allocations are also likely to focus on infrastructural development schemes.
With the ongoing drought situation and poor monsoon in Maharashtra, the Agri growth in the state is at 0.4 per cent. While keeping this in mind, the Maharashtra government will favour the farmer incentive in this budget. The monsoon session will go on for almost three weeks with an aim to introduce and clear 13 new bills in the state legislature and to discuss 28 bills in total. Of the 28 bills, 15 bills are still pending from earlier. The proceedings of both the houses of the state legislature started on June 17.
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