The economic survey of Maharashtra for the past year and the budget presented by state finance minister Ajit Pawar for the coming financial year show an economic picture of the state that cannot be described as happy or satisfactory. The budget presented on Monday has a revenue deficit of over Rs. 45,000 crores, which means the state is going to have hardly any resources for big development projects. Almost half of the state's revenue is going to be spent on just establishment costs and meeting the debts, which are now at an all-time high. All this shows a grim picture, and considering the fact that in the last election the BJP-led Mahayuti scored high, mainly on the basis of the Direct Benefit Transfer Schemes or DBT, which was nothing but a financial reward for certain classes of society, if the financial burden goes beyond control, it means the Mahayuti could face a political impact of this situation.

Maharashtra is now one of India's largest states in terms of its finances. It has an annual budget of about Rs 7 lakh crore. The state contributes around 15% of the nation's GDP, which makes it a leading centre of financial and industrial activities. But numbers in the budget show that Maharashtra will be facing many big challenges in the coming years. In the economic survey of the........

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