Maharashtra could spend only 45 percent of budgetary allocation in financial year 2017: CM Devendra Fadnavis

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

Published: 06th March 2017 12:09 AM  |   Last Updated: 06th March 2017 12:11 AM   |  A+A-

Maharashtra Chief Minister Devendra Fadnavis (File | PTI)

By PTI

MUMBAI: The Maharashtra Government could spend only 45% of total Budgetary allocation made for fiscal 2017 as the model code of conduct was in force for four months in entire year, Chief Minister Devendra Fadnavis said today.

"There was a model code of conduct in effect for four months in entire Maharashtra in whole year, 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 Panchayat Samitis and 10 municipal corporations. 

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

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

The state's Budgetary outlay for year 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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