Maharashtra Budget 2025-26 Focuses on Ongoing Projects Amid Record Deficits

The state government prioritizes existing infrastructure and investment initiatives while grappling with unprecedented fiscal and revenue deficits.

The Maharashtra government’s budget for 2025-26, presented by Finance Minister Ajit Pawar, allocates funds primarily to ongoing projects, with no new major initiatives announced.
The state faces a record fiscal deficit of ₹1.36 lakh crore and a revenue deficit of ₹45,892 crore, the highest in its history.
Key allocations include metro expansions, elevated roads in Pune, and additional funding for cultural and sports projects like Shivshrushti and Balewadi stadium renovations.
A new industrial policy aims to attract ₹40 lakh crore in investments and create 50 lakh jobs over five years, with a focus on sectors like space, defense, and electronics.
Opposition leaders criticized the budget for lacking substantial new schemes, while the government emphasized maintaining fiscal discipline and boosting economic growth.