Home ECONOMY Odisha budget to be people-oriented, says Amat

Odisha budget to be people-oriented, says Amat


Odisha Sun Times Bureau
Bhubaneswar, Feb 16:

With the annual budget of Odisha for the year 2015-16 scheduled to be presented in the State Assembly this afternoon, Finance minister Pradip Amat has claimed that the state government has made necessary provisions to make it a people-oriented budget.

File Pic: Biswaranjan Mishra
File Pic: Biswaranjan Mishra

“We have taken note of the requirement need for the overall development of the state and the people and made necessary provisions to make the budget people-oriented,” said the Finance minister.

Despite a fall in revenue from mining, allocation under the budget for this fiscal is exepcted to be about Rs 86, 000 crores.

Reliable sources said there may be an allocation of Rs 40,800 crore for the State Plan and Rs 45,000 crore for the non-plan expenditure.

It may be mentioned that while the budget allocation n the 2013-14 fiscal was Rs 60,000 crore, which went up by Rs 20,000 crore in 2014-15 to touch Rs 80,000 crore.

Reliable sources said the state government has enhanced the state’s overall annual budget allocation by 12 percent for the current fiscal. 15 percent more allocation has been made in the State Plan while the non-plan expenditure has been raised to 12 percent.

In spite of the fall of 21 percent in the mining revenue, there has been an overall growth of four percent in the tax and non-tax revenue in the current fiscal.

Besides, based on the recommendation of the 14th Finance Commission to raise the Central allocation to states from 42 percent to 50 percent, the state is expected to get an additional Rs 6000 crore Central assistance this year.

As the process for the auction of mines has already started, the state government hopes to meet its revenue collection target.

It is expected that there would be more budget allocation in the social sectors like education, health, food security, housing and ST, SC and OBC development.

In last year’s budget, the state government had allocated Rs 3897 crore for health, Rs 11,526 crore for education and Rs Rs 3736 crore for infrastructure development.

Keeping the need for development in these aforesaid sectors, it is hoped that the state government would make additional allocations for these sectors in the annual budget this year.

“There should be more budget allocation for infrastructure development in the health, education, women and child development sectors,” said former finance minister Prafulla Ghadei.


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