Mumbai: Deputy Chief Minister and Finance Minister Ajit Pawar unveiled Maharashtra's interim budget for 2024-25 in the Legislative Assembly on Tuesday, revealing a mix of devotion, fiscal challenges, and development initiatives. The budget, presented on the cusp of Lok Sabha elections, showcased a substantial provision for the development of temples, monuments, and the construction of Maharashtra Bhavan in Ayodhya. However, amidst these announcements aimed at various communities, especially the weaker sections, the stark reality of a fiscal deficit of Rs 1 lakh crore and a revenue deficit of Rs 9,734 crore loomed large, presenting a formidable challenge for the government in the path to economic recovery.
Ajit Pawar, in his presentation, emphasized the government's commitment to addressing the needs of diverse communities while acknowledging the financial constraints. Notably, the budget allocates significant resources for the construction of Maharashtra Bhavan in Ayodhya, aligning with the sentiment surrounding the Ram Mandir issue, a focal point for the BJP's campaign.
The budget also includes a comprehensive policy to promote uniformity in programs for tribals, Marathas, OBCs, and other communities, encompassing grants to institutions, scholarships, and student training. With an expenditure provision of Rs. 6 lakh 522 crore for the upcoming financial year, the government aims to bolster development across various sectors.
In a bid to boost tourism, the budget earmarks funds for the development of new tourist spots and the enhancement of existing infrastructure in key tourist destinations. Additionally, the allocation of funds to social corporations underscores the government's commitment to socio-economic development and upliftment across various segments of society.
Furthermore, the budget outlines ambitious infrastructure projects aimed at propelling the state's economy towards the goal of achieving a GDP of one lakh crore dollars. These projects span industry, agriculture, infrastructure, power-water, and road sectors, demonstrating the government's resolve to spur economic growth and development.
In a move aimed at promoting renewable energy and agricultural sustainability, Ajit Pawar announced subsidies and incentives for the installation of solar agricultural pumps, reflecting the government's commitment to environmental conservation and sustainable development.
As Maharashtra navigates through the fiscal challenges while embarking on an ambitious development agenda, the budget sets the stage for a transformative journey towards inclusive growth and prosperity.