Uddhav Thackeray, chief minister of Maharashtra, said on Friday that the third budget of the Maha Vikas Aghadi (MVA) was aimed at all-around development of the state, which was in a revival mode after the impact of the Covid-19 pandemic, and a step towards becoming a $1 trillion economy.

Earlier, Deputy Chief Minister Ajit Pawar, who also holds the finance portfolio, presented in the Assembly the budget for 2022-23 and pegged the revenue deficit at Rs 24,353 crore for the next fiscal. As per budget estimates, revenue receipts would be to the tune of Rs 4,03,427 crore and revenue expenditure Rs 4,27,780 crore.