• Thursday, 18 April 2019

Fiscal performance of Odisha starts with growth note


Feb 09, 2019 (2 months ago) |
Bhubaneswar, Feb 9 : Odisha's fiscal performance in last quarter of 2018-19 started with growth in both its major components of revenue generation and utilisation 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).

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 per cent over the corresponding period of last fiscal year with actual spending of Rs. 79,058 crore.

The expenditure in social sector has been around Rs. 36,021 crore marking more than 30 per cent 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 per cent 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 per cent 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 per cent with a total collection of Rs. 9,725 crore while the revenue from own-tax sources has grown around 5 per cent with a total collection of Rs. 23,008 crore.

The revenue generation from Mining Royalty and Industrial Water rate has increased around 73 per cent and 9 per cent respectively. The total collection from mining royalty has been around Rs. 8,175 crore 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 crore.

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 crore has been collected under the fund in various districts against which 12359 projects estimated around Rs. 6,438 crore has been sanctioned.

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

Like This Article?
Fiscal performance of Odisha starts with growth note

contact Post your comment

category Read other Orissa News stories

home page Visit Home Page for latest updates