Maharashtra Tables Rs 11,995 Crore Supplementary Budget Demands Amid Rising Debt

Maharashtra's government, led by Chief Minister Devendra Fadnavis who also holds the finance portfolio, presented supplementary budget demands totaling approximately Rs 11,995 crore for the fiscal year 2025-26. These demands focus on sectors including energy, industries, agriculture, and water supply, with significant allocations for power subsidies, solar agricultural pumps, and industrial incentives. The state's debt is projected to rise to Rs 9.32 lakh crore amid efforts to control a widening revenue deficit that has approached Rs 2 lakh crore. The government aims to maintain fiscal discipline by limiting new expenditures and prioritizing existing commitments.