Maharashtra could spend only 45% of budgetary allocation in FY17: Fadnavis

State outlay for 2016-17 was Rs 3 lakh cr; actual funds received stood at Rs 2 lakh cr

Press Trust of India  |  Mumbai 

Maharashtra could spend only 45% of budgetary allocation in FY17: Fadnavis

The could spend only 45% of total Budgetary allocation made for fiscal 2017 as the was in force for four months in entire year, Chief Minister said today.

"There was a in effect for four months in  Hence the state (government) could spend only 45% of its budgetary allocation for the financial year 2016-17," Fadnavis told PTI.

Last month, elections were held in two phases for 25 zilla parishads, 283 samitis and 10 municipal corporations.

"It affected our (Budgetary) expenditure," the CM said.

A recent note by the Department revealed that only 45% of its total allocation of Rs 3 lakh crore was utilised.

The state's Budgetary outlay for 2016-17 was Rs 3.04 lakh crore. However, the actual funds received by all the departments stood at Rs 2.06 lakh crore.

As per the note, out of this total amount of Rs 2.06 lakh crore, Rs 1.38 lakh crore was spent on various schemes, which stood at 45.63 per cent of the total outlay.

Maharashtra could spend only 45% of budgetary allocation in FY17: Fadnavis

State outlay for 2016-17 was Rs 3 lakh cr; actual funds received stood at Rs 2 lakh cr

State outlay for 2016-17 was Rs 3 lakh cr; actual funds received stood at Rs 2 lakh cr
The could spend only 45% of total Budgetary allocation made for fiscal 2017 as the was in force for four months in entire year, Chief Minister said today.

"There was a in effect for four months in  Hence the state (government) could spend only 45% of its budgetary allocation for the financial year 2016-17," Fadnavis told PTI.

Last month, elections were held in two phases for 25 zilla parishads, 283 samitis and 10 municipal corporations.

"It affected our (Budgetary) expenditure," the CM said.

A recent note by the Department revealed that only 45% of its total allocation of Rs 3 lakh crore was utilised.

The state's Budgetary outlay for 2016-17 was Rs 3.04 lakh crore. However, the actual funds received by all the departments stood at Rs 2.06 lakh crore.

As per the note, out of this total amount of Rs 2.06 lakh crore, Rs 1.38 lakh crore was spent on various schemes, which stood at 45.63 per cent of the total outlay.
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