In a revelation that highlights escalating fiscal commitments, Maharashtra’s government plans to shell out a record ₹3,12,556 crore on salaries, pensions, and debt interest in 2025-26. This mammoth sum exceeds half of the anticipated ₹6,06,855 crore revenue expenditure, with revenues pegged at ₹5,60,964 crore.
Salary bills are surging to ₹1,72,760 crore, or 28.5% of revenue spend, up dramatically from 25.9% (₹1,46,037 crore) last year. Pension payouts climb to ₹75,137 crore (12.4%) from 10.7% (₹60,038 crore), and interest obligations hit ₹64,659 crore (10.7%), rising from 9.7% (₹54,687 crore).
Grants excluding salaries drop marginally to ₹1,70,546 crore (28.1%) against ₹1,78,094 crore (31.6%), while miscellaneous spending edges up to ₹65,225 crore (10.7%) from ₹63,520 crore (11.3%). Total revenue outgo is forecast at ₹6,06,855 crore, versus ₹5,62,999 crore previously.
Yet, Maharashtra shines as an economic powerhouse. It leads FDI charts with 31% national share from Oct 2019 to Mar 2025. State exports made up 15% of India’s total in 2024-25, with software exports reaching ₹1,74,798 crore by Jan 2026.
The 2023 IT policy has spurred ₹18,595 crore investments, birthing 37 IT parks and 2.7 lakh jobs by Dec 2025. With 17% of India’s startups, and 63.85 lakh MSMEs creating 2.53 crore jobs, the state is buzzing. The new Maharashtra Industry, Investment, and Services Policy 2025 promises to supercharge growth through investments and tech innovation, balancing the hefty committed spends.