1Prof. Dr. P. S. KAMBLE, Professor of, Department of Economics, Shivaji University, Kolhapur
2 Ms. Bhosale Varsha Haibati, Research Student (Ph. D RGNF National Fellow), Department of Economics, Shivaji University, Kolhapur
Online published on 28 July, 2016.
The present research study endeavours to examine development finance comprising of public expenditure growth and pattern of Government of Maharashtra having intension to depict the role of Government of Maharashtra in development of the economy. Maharashtra is endeavoring to speeding up development of the economy in general and socio-economic development in particular, during the latest period from 1991–92 to 2014–15, which is the post economic reforms period. For this, the present study assesses the trends in growth and composition of public expenditure of the Government of Maharashtra with emphasis on major and minor breakup devoted to developmental activities. This paper's main objective is to assess trends in public expenditure of Government of Maharashtra, with emphasis on developmental expenditure. And hypothesis is Government of Maharashtra incurs more Capital Expenditure than Revenue Expenditure useful for rapid and all round development of the economy. The study is limited to a twenty four year especially in the post reforms period namely 1991–92 to 2014–15(BE). Maharashtra is one of the economically developed states in India. The collected data classified and tabulated in the light of objectives and hypotheses of the present research study. The tabulated data has been analyzed by employing useful statistical tools like Percentage, Compound growth rate (CGR), Coefficient of variation (CV), and Mean. In conclusion, the data reveals that in case of Government of Maharashtra rise in total expenditure is mainly due to rapid increase in Revenue expenditure of the government of Maharashtra, which has also resulted in increasing revenue account deficit of the state. Expenditure has depended on the rise in capital expenditure growth. Non-developmental revenue expenditure in the study period is with a rapid increase, rise in interest payments being the most important Cause. Pension Liabilities are also increasing and are leading to rapidly increasing in committed expenditure. This has affected on developmental expenditure growth of Government of Maharashtra.
Public Expenditure, Total Expenditure, Developmental Expenditure, Non-Developmental Expenditure, Growing Total Expenditure, etc
