New Maharashtra govt to face issue of high revenue deficit in state

The widening revenue deficit of India's second most politically important state Maharashtra will now have to be monitored by the Sena-NCP-Congress government, which is set to take power on Thursday. For 2019-20 (BE), revenue receipts have been estimated at Rs 3.15 lakh crore while revenue expenditure has been estimated at Rs 3.35 lakh crore. The state continues to estimate a revenue deficit for FY20 (BE) and it stands at Rs 20,293 crore. This is the only FRBM norm that has not been adhered to in the second successive year, according to rating agency CARE Ratings.

The widening revenue deficit of India's second most politically important state Maharashtra will now have to be monitored by the Sena-NCP-Congress government, which is set to take power on Thursday. For 2019-20 (BE), revenue receipts have been estimated at Rs 3.15 lakh crore while revenue expenditure has been estimated at Rs 3.35 lakh crore. The state continues to estimate a revenue deficit for FY20 (BE) and it stands at Rs 20,293 crore. This is the only FRBM norm that has not been adhered to in the second successive year, according to rating agency CARE Ratings. November 27, 2019 at 07:25AM https://ift.tt/37Jp5Ht