Odisha’s fiscal performance shows upward trend by December end

Bhubaneswar, Jan 8 :  States fiscal performance shows an upward trend by end of December, 2018 in both its major components of revenue generation and utilization of budgeted funds.

This was revealed at the all Secretaries meeting chaired by Chief Secretary Aditya Prasad Padhi here today.

Reviewing fiscal performances of various departments up to December 2018, the Chief Secretary directed the departments to avoid parking of money in any account and draw only the actual expenditure from the budget allocation.

He also directed the departments to focus on resource mobilization and regularly update their programme wise performance on the web portal.  The Departments were further asked to expedite disposal of the old litigations pending in several courts through a special drive, said officials.

Principal Secretary Finance Ashok Kumar Meena appraised that the budget utilization in different programmes being executed through various departments recorded a growth of around 26% by end of December 2018 with actual expenditure of Rs.39,820 cr.

The total programme expenditure in Social sector by end of December of current financial year has grown by 56 per cent over the corresponding period of l2017-18 while the actual expenditure under this head crossed Rs.21,245 crore against the last year spending of Rs.13,912 cr during the same period, said the officials.

The projects under this head are executed and monitored through the departments of Panchayati Raj and Drinking Water, Women & Child Development School & Mass Education, ST & SC Development, Health & Family Welfare, Higher Education, Skill Development and technical Education, Social Security and Empowerment of Persons with Disability.

The total expenditure in infrastructure sector has reached Rs.8513 crore marking a growth of around three per cent over the corresponding period of last fiscal.

Similarly, the total expenditure in Agriculture and allied sector has touched Rs.8201 crore, they said and added, the total expenditure has grown by 4 per cent in agriculture and farmers’ empowerment, 41 per cent in fisheries & animal resource development, and 23 per cent  in the activities under cooperation department.

Keeping pace with the expenditure, the total revenue generation has also grown around 19 per cent by end of December 2018.  The total revenue generation by December end in last fiscal year (2017-18) was around Rs.25023 crore against which current year collection up to same period has been Rs. 29665 crore.

The revenue from non-tax sources have grown by 60 per cent with a total collection of Rs.8556 crore  while the revenue from own-tax sources has grown by 7 per cent with total collection of Rs.21,109 crore.

The revenue generation from Mining Royalty and Industrial Water rate has increased around 70 per cent and 14 per cent respectively. The total collection from mining royalty has been around Rs.7185 crore against last years’ collection of Rs.4217 crore up to December end.

Similarly, the revenue collection from industrial water has grown up to Rs.454 crore against last years’ collection of Rs.406 crore during the same period, the officials said adding,   the revenue collection from duties & electricity has also grown by 73% with a total collection of Rs.2309 crore.