[ad_1]
Mumbai: Reduction in revenue, soaring debt and rising expectations after two yea ₹ of the Covid pandemic: the Uddhav Thackeray-led Maharashtra Vikas Aghadi (MVA) government is caught in an unenviable position.
The pandemic induced economic crisis resulted in a collective revenue deficit of an estimated ₹95,000 crore over three consecutive financial yea ₹ from 2020-21 to 2022-23, leading to a whopping rise in debt as well as a reduction in the outlay for development works and capital expenditure. The debt stock of the state increased to ₹ 6.50 lakh crore in FY 22-23 from ₹ 4.51 lakh crore in FY 19-20 — a difference of ₹ 1.99 lakh crore.
Following the lockdown, imposed to curb the spread of Covid-19, the state’s revenue dropped to ₹ 2.69 lakh crore in FY 20-21, from an estimated generation of ₹ 3.47 lakh crore. It resulted in cuts of an estimated ₹ 1.09 lakh crore in development works as well as a reduction in revenue expenditure. A drastic fall of over ₹ 78,000 crore in revenue also forced the government to borrow ₹ 68,000 crore. In FY 21-22, the state expects the revenue accumulated to be ₹ 3.62 lakh crore, with a deficit of ₹ 30,724 crore (the budgeted projection of deficit was ₹ 10,225 crore). The high deficit resulted in actual borrowings of ₹ 53,302 crore in the current fiscal year.
“The revenue is not expected to reach to ₹ 3.62 lakh crore by end of March 2022 as the revenue generated till February end was less than ₹ 2.80 lakh crore. Last year’s projection had fallen short by ₹ 20,000 crore. This means the state will have to borrow more in in FY 22-23 than against the projected amount of ₹ 77,339 crore. We are borrowing almost ₹ 2 lakh crore in three yea ₹ and it’s almost a third of total debt on the state. The spending on the capital expenditure has increased marginally in last three yea ₹ from ₹ 43339 crore in 2018-19 to ₹ 60,689 crore in 2021-22,” an official from the finance department said.
The ₹ 4,27,780 crore state budget presented by deputy chief minister and finance minister Ajit Pawar on Friday estimated a deficit of ₹ 24,353 crore. The revenue in FY 22-23 is expected to be ₹ 4,03,427 crore against the estimated expenditure.
Pawar said emphasis will be paid on spending on social schemes and capital expenditure to ensure that liquidity is pumped into the market. “We did not shy from borrowing to meet up the expenditure and ended up borrowing ₹ 89,097 crore in the current fiscal. Our spending on the development projects was more than ₹ 1 lakh crore. The deficit could have been lower had we not been compelled to spend ₹ 23,000 crore on unforeseen expenditure including natural calamities, minimum support price (MSP) to farmers and help to the financially bleeding state transport corporation,” he said.
The state government generally borrows from financial institutions through bonds and public sector units as well as from the Central government.
Pawar said that GST compensation dues of ₹ 26,500 crore from the Central government also disturbed the state balance sheet.
The state spends 58.26% or ₹ 2.35 lakh crore of its revenue receipts on salary, pensions and the interest on the debts raised. The percentage is estimated to increase in FY 22-23 compared to the current year in which it is 55.81%.
“The claims by the state government that they have been spending more on development projects are misleading. The state has not been able keep its revenue expenditure in check resulting in the reduction in the spending on development works,” said Rupesh Keer of Samarthan, a non-profit organisation that analyses the state budget.
The outlay on the key social sectors has also reduced in FY 22-23 against the outlay in the current financial year. The allocation for heath and family planning reduced to ₹ 19,920 crore from ₹ 22,734 crore in FY 21-22, while the outlay for social welfare has reduced to ₹ 16,463 crore from ₹ 23,310 crore.
[ad_2]
Source link
These benefits have been seen in controlled trials of antihypertensive drugs from a wide variety of pharmacologic classes, including hydrochlorothiazide and the angiotensin II receptor blocker ARB class to which valsartan principally belongs buy cialis online canadian pharmacy
cialis generic buy A prospective, randomized trial of tacrolimus prednisone vs tacrolimus prednisone mycophenolate mofetil in renal transplantation 1 year actuarial follow up
Interaction With MAOIs Do not use concomitantly or within 14 days of monoamine oxidase inhibitors 5 generic names for viagra The mechanism appears to be impairment of the clearance of free water, resulting in dilutional hyponatremia
allergy pills on sale 3rd generation antihistamines list prescription strength allergy meds
buy deltasone 40mg generic prednisone order
best antacid over the counter bactrim 960mg usa
dermatologist acne treatment pills prednisone sale top rated acne pills
medicine that helps with puking oral glycomet 500mg
accutane online buy accutane 40mg uk isotretinoin cost
amoxil 1000mg ca order amoxicillin 500mg pill order amoxil 500mg online
uksleepingpillsonline.com buy melatonin 3mg generic
cost azithromycin 500mg cost zithromax 500mg buy cheap generic zithromax
gabapentin 100mg tablet order gabapentin sale
order lasix online cheap order lasix 100mg online cheap
cheap omnacortil generic buy omnacortil generic order prednisolone 5mg pill
amoxil 1000mg oral amoxicillin 1000mg drug how to get amoxicillin without a prescription
where can i buy doxycycline generic acticlate
purchase albuterol inhaler order albuterol order albuterol generic
order augmentin 375mg for sale buy augmentin online
generic synthroid 75mcg levothroid online order synthroid 150mcg without prescription
clomiphene 50mg generic buy clomid 100mg generic serophene oral
tizanidine online buy buy cheap generic tizanidine buy generic tizanidine
buy rybelsus sale order rybelsus generic buy generic semaglutide online
semaglutide 14 mg canada buy rybelsus medication buy semaglutide generic
order isotretinoin order accutane 40mg generic buy accutane 40mg
cost albuterol albuterol over the counter buy albuterol 4mg without prescription
amoxil 1000mg uk order amoxicillin 1000mg without prescription amoxicillin 1000mg tablet
purchase amoxiclav online cheap amoxiclav ca augmentin online buy
generic levothroid cheap synthroid 75mcg buy synthroid 75mcg without prescription
buy clomid 50mg pills serophene oral serophene brand
order gabapentin 800mg gabapentin 600mg for sale order neurontin online
female viagra cvs cheap sildenafil pills viagra 50mg sale
buy lasix 100mg buy furosemide online cheap order furosemide 40mg
buy doxycycline 100mg generic acticlate sale doxycycline brand
buy levitra paypal buy cheap vardenafil order levitra for sale
free roulette online casino online blackjack no deposit free spins
hydroxychloroquine 200mg over the counter oral hydroxychloroquine 400mg buy plaquenil
oral pregabalin order pregabalin 150mg sale lyrica for sale online
zithromax breast milk
cialis professional cialis 5mg us cialis 20mg without prescription
triamcinolone 4mg drug triamcinolone order order aristocort 4mg sale
clarinex without prescription buy generic desloratadine purchase desloratadine sale
cenforce 100mg ca cenforce 100mg ca buy cenforce 50mg generic
chloroquine pills order chloroquine generic order chloroquine without prescription
metformin rash pictures
loratadine 10mg pills buy claritin without prescription buy generic loratadine online
glucophage 1000mg pill order glycomet 500mg generic buy metformin generic
order dapoxetine 30mg pills misoprostol uk how to buy cytotec
order xenical 60mg sale buy xenical diltiazem over the counter
buy lipitor 20mg online cheap atorvastatin pills order atorvastatin 40mg generic
zoloft strengths
lisinopril 40 mg tablet
buy norvasc 10mg sale order norvasc buy cheap amlodipine
flagyl nursing considerations
iv furosemide infusion protocol
buy generic acyclovir online buy acyclovir 800mg generic how to buy zyloprim
where can i buy zestril order zestril 10mg for sale lisinopril order
glucophage lactose
can you take gabapentin while pregnant
order rosuvastatin 10mg sale crestor us order zetia 10mg for sale
zithromax dosage cats
buy omeprazole pills purchase omeprazole online cheap treat indigestion
lasix uses
amoxicillin and benadryl
buy motilium 10mg generic purchase domperidone for sale sumycin 250mg sale
what is cephalexin for dogs used for
escitalopram oxalate review
buy generic flexeril over the counter order baclofen 25mg pill ozobax order online
how long does gabapentin take to work for nerve pain
ciprofloxacin hydrochloride ophthalmic solution 0.3 dosage
atenolol 50mg usa tenormin online buy atenolol sale
toradol 10mg brand brand toradol 10mg purchase colchicine online
can i take ibuprofen with cephalexin
order depo-medrol where to buy methylprednisolone without a prescription medrol 4mg tablet
cheap thesis binding how to write my thesis essays help
bactrim dose for skin infection
order generic methotrexate 5mg methotrexate online coumadin ca
will cephalexin treat bv
bactrim half life
buy flomax generic buy flomax 0.2mg sale cheap celebrex
side effect for escitalopram
neurontin seizure
nexium medication topiramate without prescription topamax 100mg usa
buy ondansetron 8mg online cheap buy aldactone 100mg sale order spironolactone 25mg generic
imitrex pills order levaquin 250mg generic levaquin buy online
dutasteride where to buy ranitidine usa generic zantac
does cozaar have a diuretic in it
oral ddavp dose
depakote wiki
long-term use of citalopram and dementia
buy acillin without prescription cheap amoxil online amoxicillin medication
buy propecia 5mg without prescription buy diflucan generic diflucan 100mg brand
purchase baycip generic – ciprofloxacin canada augmentin 1000mg without prescription
buy cheap ciprofloxacin – myambutol 600mg canada buy augmentin generic
losartan generic for cozaar
depakote for migraines
ddavp platelet aggregation
citalopram during pregnancy
flagyl buy online – amoxicillin order online buy zithromax pill
augmentin medication
diclofenac sodium dr 75mg tab
order valtrex 500mg online – order nemazole generic buy acyclovir 800mg sale
diltiazem er side effects
ezetimibe prospecto
flomax birth defects
flexeril otc
buy ampicillin pill penicillin pill buy amoxicillin cheap
contravene crossword clue 6 letters
effexor dreams
amitriptyline coupon
what is aripiprazole 5 mg
lasix 40mg ca – order atacand 8mg for sale captopril generic
aspirin molecule
allopurinol maximum dose
bupropion drug class
baclofen 10 mg vs flexeril
zidovudine sale – buy cheap generic rulide zyloprim cheap
augmentin alcohol
long term side effects of celebrex
how long does buspar last
ashwagandha where to buy
celexa dose for anxiety
contraindications for celecoxib
atarax 25mg price – order endep for sale buy endep medication
amoxil price – purchase cefadroxil for sale where can i buy baycip
abilify 10 mg
semaglutide diet plan
acarbose source
how repaglinide works
robaxin vs tramadol
how to take protonix
buy cleocin cheap – buy chloramphenicol without a prescription cheap chloramphenicol generic
cymbalta and remeron
purchase albuterol inhalator online cheap – order seroflo theo-24 Cr price
pronounce sitagliptin
oral spironolactone
buy clarinex 5mg pill – buy beclomethasone online cheap cheap albuterol
synthroid goitrogens
buy generic micronase – glucotrol cheap forxiga 10mg sale
voltaren gel 3%
venlafaxine 150 mg side effects
how long can i take tamsulosin
repaglinide pills – purchase jardiance online empagliflozin 10mg sale
zetia generic name
taking wellbutrin and smoking weed
zofran versus kytril
zyprexa sleep
order generic terbinafine 250mg – buy lamisil online cheap how to buy griseofulvin
zofran not working morning sickness
other names for zyprexa
buy ketoconazole online cheap – ketoconazole 200mg us itraconazole 100mg canada