The Business Advisory Committees of the Maharashtra Legislative Assembly and Council have approved the schedule for the upcoming budget session from February 23 to March 25. Chief Minister Devendra Fadnavis, overseeing the Planning and Finance Departments, will present the annual budget for 2026-27 on March 6. The government will also present the Economic Survey for 2025-26 on March 5.
The BJP-led MahaYuti government is anticipated to engage in debates with the opposition following its recent electoral successes. The government aims to outline a roadmap for achieving a USD 5 trillion target under the Viksit Maharashtra 2047 mission. The budget for 2026-27 will be presented amidst the state’s public debt exceeding Rs 9.30 lakh crore.
The Fiscal Deficit is set at 2% of GSDP, amounting to Rs 1,36,235 crore, in compliance with the FRBM Act’s 3% limit. The Debt-to-GSDP Ratio is under observation due to increased borrowings for capital projects. The state’s fiscal health reflects steady GSDP growth but faces pressure from high committed expenditures and new cash-transfer schemes.
The Gross State Domestic Product (GSDP) is projected to reach Rs 49.39 lakh crore, marking a 9% growth over the previous year. Total expenditure, excluding debt repayment, is estimated at Rs 7,00,020 crore, a 4% increase from the 2024-25 revised estimates. The government is also expected to unveil an action plan for effective administrative reforms to reduce bureaucratic hurdles.
