Maharashtra Faces Rising Debt and Revenue Deficit Amid Budget Supplementary Demands

Maharashtra faces financial strain with a rising debt projected at Rs 9.32 lakh crore and a growing revenue deficit nearing Rs 2 lakh crore. Following Deputy CM Ajit Pawar's death, Chief Minister Devendra Fadnavis, now handling the finance portfolio, has presented supplementary budget demands totaling around Rs 12,000 crore. These demands focus on existing commitments like power subsidies and industry incentives, reflecting a cautious approach to maintain fiscal discipline amid revenue shortfalls and populist scheme pressures.