Chief Minister Mohan Yadav has asserted that Madhya Pradesh is making rapid strides in development and public welfare through well-structured plans that cater to all sections of society, including rural communities and the underprivileged. He emphasized that the state government is working towards a "Developed Madhya Pradesh," in alignment with Prime Minister Narendra Modi’s vision of Viksit Bharat@2047. The recently presented budget for the fiscal year 2025-26 is seen as a significant milestone in realizing this goal.
On March 12, 2025, the Madhya Pradesh government presented its largest-ever budget of Rs 4,21,032 crore, reflecting a 15% increase over the previous fiscal year. Despite the substantial rise in expenditure, the government has not introduced any new taxes or implemented budget cuts. Addressing the media at the State Assembly premises, Chief Minister Yadav highlighted the inclusive and forward-looking nature of the budget, which aims to accelerate the state's progress across key sectors.
Yadav revealed that as soon as the new government was formed, a target was set to double the state's budget within five years while simultaneously aiming to double the state's Gross State Domestic Product (GSDP) by 2029. He underscored that the 2025-26 budget marks a decisive step in this direction, prioritizing the welfare of farmers, women, youth, and the poor. The Chief Minister pointed out that Madhya Pradesh's budget, which stood at just Rs 20,000 crore in 2003-04, has now expanded 21 times to Rs 4,21,032 crore—an indicator of the state's dynamic economic growth trajectory.
Praising Finance and Deputy Chief Minister Shri Jagdish Deora for presenting an inclusive and visionary budget, Dr. Yadav stated that the 2025-26 financial plan reflects the aspirations of Madhya Pradesh’s citizens and lays a strong foundation for the state’s ambitious goal of becoming a $2 trillion economy by 2047 (approximately Rs 250 lakh crore). He described the budget as a transformative document aimed at enhancing prosperity, empowerment, and infrastructure development, while fostering long-term economic sustainability.
The 2025-26 budget maintains the estimated fiscal deficit within 4% of the GSDP, reflecting a prudent approach to fiscal management while pursuing ambitious growth targets. Total revenue receipts for the year are estimated at Rs 2,90,879 crore, comprising Rs 1,09,157 crore from state taxes, Rs 1,11,662 crore as Madhya Pradesh’s share of central taxes, Rs 21,399 crore from non-tax revenue, and Rs 48,661 crore from central grants. The budget projects a 7% increase in state tax revenue compared to the 2024-25 estimates, while capital expenditure for long-term infrastructure development has risen by 31%, underscoring the government’s commitment to improving public facilities and economic foundations.
A significant portion of the budget is directed toward infrastructure projects, including Rs 2,005 crore for preparations for the Simhastha-2028 religious gathering. Other major allocations include Rs 100 crore each for the Geeta Bhavan and Vrindavan Gram Yojana, Rs 10 crore for the Shri Krishna Pathey initiative, Rs 100 crore under the Majra-Tola Road Scheme to enhance rural connectivity, and Rs 80 crore to improve transportation services across the state.
In the sphere of women’s empowerment and social welfare, the Madhya Pradesh government has made substantial commitments. The gender budget has doubled over the past six years, with Rs 18,669 crore allocated to the Ladli Behna Yojana, a flagship scheme for women’s welfare. Additionally, ?1,183 crore has been set aside for the Ladli Laxmi Yojana, which focuses on supporting the education and well-being of girl children, while Rs 720 crore is allocated for maternity assistance under the Mukhyamantri Shramik Seva initiative.
