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Time of India
a day ago
- Business
- Time of India
Poll-bound state's supplementary budget: 57,509 cr
Mumbai: Just three months into the financial year, the cash-strapped Mahayuti govt which faces local body polls across the state, tabled supplementary budgetary demands worth a steep Rs 57,509 crore in the state legislative assembly on Monday. This will add to the financial strain of the state which not only faces its highest-ever debt projection at Rs 9.3 lakh crore but also its steepest revenue deficit at Rs 45,890 crore for 2025-26. Supplementary demands are additional funds sought by govt beyond allocations made in the budget tabled in March. The current demands account for 8.2% of the total expenditure projected in the state budget. In the coming year, the state faces rural and urban local body polls including to high profile municipal corporations like the BMC, which will see a prestige war between the govt and the Opposition. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The demands raised are mainly aimed at urban and rural infrastructure projects like Metro, support for municipal bodies, road and irrigation schemes and the Simhastha Kumbh Mela. Also, allocations have been suggested for welfare schemes including the Mahatma Jyotirao Phule Health Scheme, Sanjay Gandhi Niradhar Yojana, schemes for the elderly, payment for female anganwadi workers and scholarships for backward students. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Texas Introduces New Benefit for "Senior Drivers" Auto Savings Learn More Undo The urban development department which controls the state's 29 municipal corporations has been allocated the highest share in the demands at Rs 15,465 crore. The PWD department which has faced agitations from contractors over unpaid dues has been allocated Rs 9,068 crore. Other departments with large allocations include public health (Rs 6,952 crore), rural devt (Rs 4,733 crore) and social justice (Rs 3,799 crore). Last year, the state faced financial strain on account of pre-poll sops like the Ladki Bahin Yojana announced with an eye on the assembly polls. The sops were worth Rs 96,000 crore. In addition, the state introduced supplementary demands worth Rs 1.3 lakh crore after the budget. The Opposition has sharply criticised the supplementary demands. "The state budget had projected a revenue deficit of Rs 45,890 crore for this year. With the additional supplementary demands of Rs 57,509.7 crore, the total revenue deficit will rise above Rs 1 lakh crore. By the end of the year, it could rise beyond Rs 2 lakh crore. It shows the extent of financial mismanagement," said NCP (SP) leader Jayant Patil. However, the finance department led by deputy CM Ajit Pawar said net burden of supplementary demands would be lower. Although gross supplementary demands are Rs 57,509 crore, net burden is Rs 40,644 crore, an official statement said.
News18
2 days ago
- Business
- News18
Ajit Pawar Proposes Extra Funds For Infrastructure, Backward Communities; NCP-SP Questions Move
Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution. In a major move to strengthen Maharashtra's development goals, Deputy Chief Minister and Finance Minister Ajit Pawar presented supplementary demands worth over Rs 57,509 crore during the ongoing monsoon session of the state legislature. This additional funding will mainly go towards building and expanding essential infrastructure such as roads, metro rail projects, and irrigation schemes. Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution, ensuring that the state is prepared to manage the massive gathering smoothly. The supplementary demands also focus on supporting vulnerable and backward communities. Funds have been earmarked for important social welfare schemes like the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana. Scholarships for students from backward sections of society are also covered under these new demands. Out of the total amount, over Rs 19,000 crore will go towards essential expenses, while more than Rs 34,000 crore is set aside for various planned programs. A portion of the funding, about Rs 3,664 crore, will come under centrally sponsored schemes, reducing the direct burden on the state exchequer. Among the specific allocations, the largest share – over Rs 11,000 crore – will be spent on grants recommended by the 15th Finance Commission. Another significant portion, around Rs 3,200 crore, is planned for metro projects and reimbursements to municipal bodies like municipal corporations and councils. Additionally, nearly Rs 2,200 crore is being arranged as margin money loans for cooperative sugar factories through the National Cooperative Development Corporation, supporting the state's crucial sugar industry. Though the gross demand stands at over Rs 57,000 crore, the net burden on the state's finances is estimated to be around Rs 40,645 crore, making this push both ambitious and calculated to balance development with fiscal responsibility. Social welfare remains a strong focus in these supplementary demands. Funds will strengthen the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana, which provide health security and financial assistance to vulnerable and underprivileged families. Scholarships for students from backward communities are also included, ensuring that deserving students can pursue education without financial hurdles. However, the Opposition has questioned the move. Former Finance minister and NCP(SP) leader Jayant Patil, asked, 'Such huge supplementary demands will put extra burden on the state. If the govt is saying that they have no money for other projects and welfare schemes and state is already under the huge debt, then how they are going to pass such huge supplementary demands?" By tabling this sizeable supplementary budget, the Maharashtra government has shown that it wants to speed up big-ticket projects while also reaching the state's most backward and weaker sections. The focus is on creating better roads, faster urban mobility, stronger rural infrastructure, and wider social safety nets, aiming for balanced growth across the state. First Published: June 30, 2025, 17:27 IST
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Business Standard
2 days ago
- Business
- Business Standard
Maharashtra govt tables supplementary demands of ₹57,509 cr in assembly
The Maharashtra government tabled supplementary demands of ₹57,509.71 crore in the state legislative assembly on Monday to allocate funds for various schemes and projects. Deputy Chief Minister Ajit Pawar, who is also the state finance and planning minister, presented these demands on the first day of the three-week monsoon session. Supplementary demands are additional funds sought by the government over budgetary allocations. The government has primarily allocated these funds for infrastructure projects such as roads, metro rail, and irrigation schemes, as well as for planning and execution of the upcoming Simhastha Kumbh Mela. The demands include ₹1,600 crore for the Mahatma Jyotirao Phule Health Scheme, ₹1,500 crore for the Sanjay Gandhi Niradhar (Destitute) Grant Scheme, scholarships for students from the backward classes, and overall development of socially and economically weaker sections. The largest allocation ₹11,042.76 crore has been earmarked for grants recommended by the 15th Finance Commission, and it has also made a provision of ₹6,952 crore for public health. Additionally, ₹3,228.38 crore has been provisioned for refunds related to stamp duty surcharge to metro projects, municipal corporations, municipal councils, and Zilla Parishads. The government has allocated ₹1,000 cr for the planning and execution of the Simhastha Kumbh Mela. Of the total supplementary demands, ₹19,183.85 crore was for mandatory expenditures, ₹34,661.34 crore for planned schemes, and ₹3,664.52 crore for centrally-sponsored schemes. Though the gross demand amounts to ₹57,509.71 crore, the net financial impact on the state exchequer is ₹40,644.69 crore, Pawar said. The government has made a provision of ₹2,182.69 crore as margin money loans to cooperative sugar factories under assistance from the National Cooperative Development Corporation (NCDC).
