Mumbai, March 6: The Maharashtra Assembly will witness the presentation of the budget for the fiscal year 2026-27 today. This follows the tragic passing of Ajit Pawar in a plane crash in Baramati, who previously held the finance portfolio. Now, Chief Minister Devendra Fadnavis will take on this responsibility and present the budget himself.
This year’s budget is expected to include significant financial allocations, particularly focusing on the ‘Girl Sister’ scheme. Speculations suggest that the government might announce an increase in the monthly assistance under this scheme to ₹2,100. However, there has been no official confirmation yet.
In the previous budget, the government allocated approximately ₹36,000 crore for this initiative. The upcoming budget is anticipated to reveal the necessary funding for the next year. Besides welfare schemes for women, the budget may also include crucial decisions related to farmers, such as loan waivers and other relief measures.
The ‘Girl Sister’ scheme has been a topic of discussion since the government previously announced an increase in monthly benefits to ₹2,100. Despite two years passing, this decision has yet to be implemented. Consequently, all eyes are on the upcoming budget to see if this long-awaited announcement will finally be made.
According to the pre-budget economic survey presented in the Maharashtra Assembly on Thursday, the state’s public debt is projected to rise to ₹9.32 lakh crore by 2025-26. The state anticipates a robust economic growth rate of 7.9%, significantly higher than the national estimate.
The survey, presented by Finance Minister Ashish Jaiswal, highlights a strong increase in GST inflow and positive market sentiment. However, it also emphasizes the growing burden of debt. Outstanding government debt is expected to increase from ₹8.39 lakh crore recorded in 2024-25, with a projected debt-to-GSDP ratio in the range of 17-18%.
Despite the rising debt, the survey underscores the importance of fiscal discipline, estimating a fiscal deficit of 2.7% of GSDP and a revenue deficit of only 0.9%. These figures comfortably fall below the 3% limit set by Maharashtra’s FRBM rules.
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OP/Piyush
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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