Maharashtra's financial deficit hits ₹1,24,208.74 crore, CAG finds
This audit examines the financial position, budgetary management, and financial reporting methods of the Government of Maharashtra for the financial year 2024-25. It evaluates the state's fiscal sustainability, debt levels, and compliance with financial rules.
Government of Maharashtra (State Finance)
- Revenue deficit of ₹29,994.76 crore (0.66% of Gross State Domestic Product).
- Financial deficit of ₹1,24,208.74 crore (2.74% of Gross State Domestic Product).
- Primary deficit of ₹70,753.63 crore (1.56% of Gross State Domestic Product).
- CAG notes that while deficits remained within fiscal responsibility limits, the state continued to record revenue deficits higher than targets, partly due to large balances in fictitious deposit accounts.
- CAG highlights that debt sustainability indicators present a mixed picture, necessitating caution in future years despite good March data.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Audit report
2024
Document details
| Official title | Report of the Comptroller and Auditor General of India on State Finance for the year 2024-25 |
| Source body | Comptroller & Auditor General of India (CAG) — audit reports |
| Reference number | — |
| Status | closed (audit_report) |
| Year | 2024 |
| Closing date | — |
| Documents | 1 |