As per the white paper data, March month's last week is quite crucial where most of the expenditure is reported. In the last week of March 2011-12, Rs17,837 crore (11.9%) was spent; in 2012-13, an expenditure of Rs18,232 crore (11%) was reported, while in 2013-14, Rs18,761 crore was spent (10%).
The government on Friday tabled the white paper on state economy, revealing that revenue has increased by 16%. At least 18% of the total revenue budget has been spent in March itself from the past three
consecutive years. However, the hurried expenditure of most of the state budget by March-end has raised doubts about the work order procedure, spending and quality of the work.
In March 2011-12, out of a Rs1.49-crore total budget, Rs28,137 crore was spent, while in 2012-13, out of Rs1.65 crore, Rs30,697 crore was pent. In 2013-14, out of Rs1.87 crore, Rs36,059 crore was shown as the total expenditure in March.
As per the white paper data, March month's last week is quite crucial where most of the expenditure is reported. In the last week of March 2011-12, Rs17,837 crore (11.9%) was spent; in 2012-13, an expenditure of Rs18,232 crore (11%) was reported, while in 2013-14, Rs18,761 crore was spent (10%).
"Because of such imbalanced spending, the revenue expenditure has been increased, heavy loan raising and investment has also increased. It is nothing but result of the faulty planning," remarked in the white paper.
The report further pointed out about the use of transfer of development right (TDR). Maharashtra government has released almost Rs33,000 crore worth of TDR. The state released TDR in return of the reserved space to the government.
As per the given TDR data, the state government has released Rs22,693 crore worth of 72,57, 312 sq m of slum TDR, Rs2,746 crore of road TDR, Rs5 crore worth heritage TDR and Rs5 crore worth redevelopment TDR and Rs7,912 crore worth of reservation TDR. The TDR rate depends upon the demand and supply of TDR.
However, the white paper is silent on toll collection and it's total revenue or loss, local body tax, revenue in co-operative sector and revenue such as stamp duty and registrations.
Contribution to state's growth
At least 52% of Maharashtra's population depends on the agriculture sector, but its contribution is only 11% in the state's growth. In 2013-14, Maharashtra's total revenue was Rs15,10,132 crore which was 13.3 % of
the total of India's revenue. The state's agriculture and its connected sectors share 11.3%, while mines, construction and power shares 27.2%.
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