Fiscal performance of Odisha starts with growth note

Bhubaneswar: Odisha’s fiscal performance in last quarter of 2018-19 started with growth thin both its major components of revenue generation and utilization of budgeted allocation, informed officials on Friday.

This was known from all secretaries meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi.

Reviewing fiscal performances of various departments up to January 2019, Chief Secretary Padhi directed departments to focus on the accomplishment of sustainable development targets (SDGs).

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The Secretaries of different departments were advised to monitor the implementation of priority action points and update the respective portals accordingly.

Principal Secretary Finance Ashok Kumar Meena appraised that the budget utilisation by end of January for current fiscal has grown around 19 percent over the corresponding period of last fiscal year with actual spending of Rs. 79,058 crore.

The expenditure in the social sector has been around Rs. 36,021 crore marking more than 30 percent growth over the expenditure up to January during last fiscal, the projects under this head are executed and monitored through the departments of Women and Child Development School and Mass Education, ST and SC Development, Health and Family Welfare, Higher Education, Skill Development and Technical Education, Social Security and Empowerment of Persons with Disability.

The total expenditure in the infrastructure sector has touched Rs. 12,633 crore marking a growth of around 6 percent over the corresponding period of last fiscal. Similarly, the total expenditure in the Agriculture and Allied sector has grown up to Rs. 9,972 crore.

Keeping pace with the expenditure, the total revenue generation has also grown around 17 percent by end of January 2019. The total revenue generation by January end in the last fiscal year (2017-18) was around Rs. 27,978 crore against which current year collection up to the same period has grown to Rs. 32,733 crore.

The revenue from non-tax sources has grown around 61 percent with a total collection of Rs. 9,725 crore while the revenue from own-tax sources has grown around 5 percent with a total collection of Rs. 23,008 crore.

The revenue generation from Mining Royalty and Industrial Water rate has increased around 73 percent and 9 percent respectively. The total collection from mining royalty has been around Rs. 8,175 crores against last years collection of Rs. 4,735 crore. Similarly, the revenue collection from industrial water has grown up to Rs. 518 crore against last years collection of around Rs. 475 crores.

The matters relating to the implementation of projects under the District Mineral Fund (DMF) were also discussed in the meeting. District wise review showed that an amount of around Rs. 6,088 crores has been collected under the fund in various districts against which 12359 projects estimated around Rs. 6,438 crores has been sanctioned.

Chief Secretary Padhi directed concerned departments to provide technical and manpower support for timely completion of the projects.


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