Mumbai, March 18 (IANS) Maharashtra Finance Minister Sudhir Mungantiwar presented a farmer-friendly Rs 4511 crore deficit budget for the year 2017-2018 here on Saturday.
In 2017-2018, the revenue receipts are estimated at Rs 243,737 crore against a revenue expenditure of Rs 248,248 crore, showing a deficit of Rs 4,511 crore.
However, Mungantiwar assured the government would attempt to bring down the deficit by reducing avoidable expenditures and effective revenues recoveries.
Last year, in the budget 2016-2017, revenue income was estimated at Rs 220,810 crore, but he said it was likely to touch Rs 220,011 crore, leaving a deficit of Rs 799 crore.
The budget was tabled on Saturday amidst noisy scenes by the Congress-led opposition which vociferously raised its demands for a complete farm loan waiver package by the government.
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