Mumbai, March 6: The Maharashtra government plans to allocate a record ₹3.12 lakh crore for salaries, pensions, and interest payments during the 2025-26 fiscal year. This amount will account for over 50% of the total revenue expenditure, which is estimated at ₹6.06 lakh crore, according to officials. The projected revenue for the state is ₹5.60 lakh crore.
According to the economic survey for 2025-26, the expenditure on salaries will reach ₹1.72 lakh crore, representing 28.5% of the total revenue expenditure. In comparison, the expenditure for the fiscal year 2024-25 was ₹1.46 lakh crore, which constituted 25.9%.
The state government will spend ₹75,137 crore on pension payments, up from ₹60,038 crore in 2024-25, which was 10.7% of the total expenditure. Interest payments are expected to be ₹64,659 crore, an increase from ₹54,687 crore in the previous year.
Additionally, the state government will incur costs of ₹58,528 crore, compared to ₹60,623 crore in 2024-25. The government plans to spend ₹1.70 lakh crore on grant assistance, which is 28.1% of the total, down from ₹1.78 lakh crore (31.6%) in the previous fiscal year.
Other expenditures are projected to be ₹65,225 crore, slightly higher than ₹63,520 crore in 2024-25. The total revenue expenditure is expected to rise from ₹5.62 lakh crore in 2024-25 to ₹6.06 lakh crore.
The economic survey also highlighted that Maharashtra has maintained the top position in India with a 31% share of foreign direct investment (FDI) from October 2019 to March 2025. During 2024-25, exports from the state contributed 15% to India’s total exports.
In the current year, software exports from the state reached ₹1.74 lakh crore by January 2026. Following the implementation of the IT and ITES policy in 2023, 37 public IT parks have been established with an investment of approximately ₹18,595 crore, creating around 2.7 lakh jobs by December 2025.
As of February 10, 2026, Maharashtra holds the highest share (17%) of startups in India. By December 2025, the total number of registered MSMEs on the enterprise registration portal in the state was 6.385 million, generating a total of 2.5284 million jobs.
The state government has announced the Maharashtra Industry, Investment, and Service Policy 2025 to establish Maharashtra as a major global business hub, aiming to attract significant investments, promote innovation, and accelerate technology adoption.
–
SD/Piyush
My name is Himanshu Tiwari. I am an experienced content writer with several 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.
Leave a Comment