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Bombay, Financial misdirection by the Mahayuti regime and the state's escalating debt weight resulted in every citizen at present carrying a debt of ₹82,000, Leader of Opposition in legislative council Ambadas Danve said on Tuesday. Opposition leaders slammed the government over Maharashtra's financial situation in the upper house of the state legislature, a day after finance minister Ajit Pawar presented Budget 2025-26. During the debate, Danve said Maharashtra pays ₹65,000 crore annually in interest payments alone, leaving the state’s citizens grappling with a debt of ₹82,000 each, raising concerns about the government's management of public finances. He said the state government's move to slash capital expenditure by 2 per cent would affect long-term growth. "In the current financial year , 13% of the budget was allocated to capital expenditure. However, in the 2025-26 Budget, this has been reduced to 11 per cent, which shows the government's approach towards long-term projects," the Shiv Sena leader added. Danve said that only 44 paise out of every rupee spent by the government goes toward public welfare, with the remaining funds primarily used to service debt obligations. Maharashtra's budget for the current fiscal year stands at ₹7 lakh crore, with a revenue deficit of ₹45,000 crore and a fiscal deficit of ₹1.36 lakh crore. Danve said the Union government’s decision to cut Maharashtra’s GST rebate has further strained the state's revenue collection. "The Union government is allocating more funds to Uttar Pradesh and Bihar, depriving Maharashtra of its expected share despite its contribution towards GST collections," he said. Danve further said Maharashtra has fallen to the fifth place in GDP growth rankings, while states like Telangana and Karnataka have reported higher growth. Maharashtra government had tabled supplementary demands of ₹6,486 crore outside the budget expenditure on the first day of the budget session of the state assembly on March 3. This article was generated from an automated news agency feed without modifications to text.

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Every Maharashtra citizen carrying ₹82,000 debt due to fiscal mismanagement: Ambadas Danve

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