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State budget: The health of the state deteriorated; the debt burden increased, while per capita income also declined

Ritul Pandey

By Ritul Pandey

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Maharashtra’s financial inspection report has come out. The monsoon session of the state is going on. This is the interim budget of the Mahayuti government’s tenure. It is seen that the financial condition of the state has deteriorated. The state has also lagged behind in per capita income. But in terms of investment, the state is at the top in the country. According to the economic survey, the debt burden on the state has reached 7 lakh crores.

A steep decline in per capita income

The state has lagged behind in terms of per capita income. The state was at the fifth position in the financial year 2022-23. They have now slipped to the sixth position. Gujarat is at the top in per capita income. Now it has become one of the five states in the country. The state is a leader in foreign direct investment. However, figures show that the mountain of debt on the state is increasing.

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Kuna tops per capita income

Telangana state has won the top position in per capita income. This state is in the first place in the country. Telangana has achieved this title by pushing Karnataka behind. After Karnataka, Haryana has come in third, Tamil Nadu fourth and Gujarat fifth.

1. The state ranks first in foreign direct investment and sixth in the country in per capita income

2. In 2021-22, Maharashtra ranked fifth in the country in per capita income and sixth in the financial year 2021-22.

3. Maharashtra’s rank had dropped even when Mumbai was the financial capital of the country

4. There is a cry that a large amount of black business is going on in the state, due to which the state’s income is decreasing

The debt burden on the state increased

State debt increased by 13 percent compared to last year

In the financial year 2023-24, the state has a debt of 7 lakh 11 thousand 278 crores

In the year 2022-23, the debt was Rs 6 lakh 29 thousand 235 crores

Due to increase in loan, the interest amount also increased, the amount increased by 15.52% compared to the interest

Debt burden in last 5 years

2019-20- 4 lakh 51 thousand 117 crores

2020-21- 5 lakh 19 thousand 86 crores

2021-22- 5 lakh 76 thousand 868 crores

2022-23- 6 lakh 29 thousand 235 crores

2023-24- 7 lakh 11 thousand 278 crores

2024-25- 7 lakh 82 thousand 992 crores

Revenue is like a horse race

Estimated revenue expenditure of the state – 5 lakh 5 thousand 647 crores

Estimated revenue of the state- 19 thousand 532 crores

Actual expenditure in the year 2023-24 – 3 lakh 35 thousand 761 crores

Expenditure on district annual plans- 29 thousand 188 crores

State Per Capita Income 2022-23

1 Telangana – 3 lakh 11 thousand 649 crore rupees

2 Karnataka- 3 lakh 4 thousand 474 crores

3 Haryana – 2 lakh 96 thousand 592 crores

4 Tamil Nadu- 2 lakh 75 thousand 583 crores

5 Gujarat- 2 lakh 73 thousand 558 crores

6 Maharashtra – 2 lakh 52 thousand 389 crores

7 Andhra Pradesh- 2 lakh 19 thousand 881 crores

8 Uttar Pradesh – 83 thousand 336 crores

Ritul Pandey

Ritul Pandey

I am Ritul Pandey, a content creator focused on delivering entertaining and engaging news from the worlds of entertainment and sports

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