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Maharashtra state budget puts women, farmers in focus
Updated On: 10 March, 2023 07:32 AM IST | Mumbai | Dharmendra Jore
Devendra Fadnavis serves a mashed up Panchamruta while making welfare announcement for every section imaginable
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Deputy Chief Minister and Finance Minister Devendra Fadnavis and state Marathi Language Minister Deepak Kesarkar with the State Budget 2023-24 flank CM Eknath Shinde. Pic/ANI
Deputy Chief Minister Devendra Fadnavis tabled the state’s annual budget on Thursday, which is based on the Panchamruta (five-elixir) principle, including sustainable farming and prosperous farmers, inclusive progress of women, backward classes and other backward classes, capital investment in creating infrastructure, employment generation and environment-friendly development in view of global warming and climate change. He did not put additional burden on the people or sectors that the government wants to develop in the state.
In his and the Eknath Shinde-led government’s first budget, that is the fuller one before the government faces the next big election, Fadnavis covered almost every social group and economic sector, giving out a financial outlay or scheme or two for them ahead of election year 2024. The budget has a revenue deficit of Rs 16,122 crore for the year 2023-24, but the FM was confident of mitigating it at the end of the year. He said the total outlay was Rs 1,72,000 crore. The state’s tax revenue is expected to be Rs 2,98,181 crore. An amnesty scheme was announced for paying taxes that have not been paid after the GST regime came into effect. Taxes or levies that are beyond the GST scope were not increased. The tax rate on aviation fuel was decreased to 18 per cent to offer the sector a competitive field for refuelling.
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