Maharashtra Chief Minister Devendra Fadnavis with Shiv Sena leader Eknath Shinde during a meeting, in Mumbai. (PTI Photo)
India
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CNBC TV1812-12-2025, 17:31

Maharashtra Debt Jumps ₹1.5 Lakh Cr to ₹9.32 Lakh Cr; Opposition Slams Spending

  • Maharashtra's debt is projected to reach ₹9.32 lakh crore by end of FY 2025-26, an increase of ₹1.5 lakh crore from the previous year.
  • The debt surge is attributed to high-interest borrowing and ₹75,000 crore in supplemental demands, raising per capita debt to ₹82,000.
  • Opposition criticizes the government's financial policy, citing continuous supplementary demands as a sign of poor planning and resource shortage.
  • Deputy CM Ajit Pawar presented supplementary demands worth ₹75,286.37 crore, increasing the total budget for 2025-26 to ₹8.90 lakh crore.
  • Key allocations from supplementary demands include funds for farmer compensation, electricity tariff subsidies, Ladki Bahin Yojana, and infrastructure grants.

Why It Matters: Rising debt in Maharashtra burdens citizens and shows poor financial planning.

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