State Deputy Chief Minister Ajit Pawar will be presenting the state government’s budget for the year 2022-23 in the ongoing Maharashtra assembly today, March 11 at 2 pm in Mumbai.
A day earlier, on March 10, a cabinet meeting was held to discuss budget provisions and other schemes.
Reports state that under the 15th Finance Commission (FC) recommendation, Maharashtra is expected to receive INR 70,375 crore grants through the five years from 2021-22 to 2025-26.
Besides, it will be captivating to catch a sight on MVA government's stand on the rising petrol and diesel rates. Hence, the question here arises that will the state government give some kind of relief to the people by reducing the tax on petrol and diesel in the budget?
Even with BMC elections likely getting postponed for nearly six months, it is pertinent to note that the state government can present a budget keeping the polls in mind to have a hold in ruling the civic body.
While the eyes are on which sector shall benefit in this budget, according to state’s Economic Survey report 2021-22, it has come to light that of the total grant, INR 7,067 crores will be kept for strengthening of the rural as well as urban health care system.
The state economic survey report was tabled in the state legislative Assembly on Thursday, March 10, just a day before the Budget Session 2022. It suggested that Maharashtra's economy is expected to grow by 12.1 per cent in 2021-22, which is highest in a decade, against negative growth of -7.6 per cent in the last FY 2020-21. The deficit was attributed to the pandemic-induced lockdown.
With agriculture and allied activities by 4.4 per cent, industries by 11.9 per cent and services sector by 13.5 per cent.
Moreover, state’s tax revenue is estimated at INR 1,80,954 crores in 2021-22.
Also Read: Maharashtra Budget 2022 Live Updates
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