Bhubaneswar : Odisha’s fiscal performance has shown an upward trend by end of July of the current fiscal in both its major components of revenue generation and utilization of budgeted allocation.
This was known from the all Secretaries meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi at the Secretariat today. Principal Secretary of Finance department Ashok Kumar Meena outlined the financial updates of the state for discussion.
Reviewing fiscal performances of various departments up to July this year, Padhi directed the departments to implement the developmental projects in convergence with DMF in major mining districts. He also directed the departments to avail all required clearances against the government buildings being constructed in different parts of the state.
Additional Chief Secretary and Development Commissioner R Balakrishnan advised for preparation, sanction and implementation of more need-based projects under District Monetary Fund (DMF).
Review of the fiscal performance showed that budget utilization on different plans, programmes and schemes up to July, 2018 has been Rs 17,983 crore thereby showing the growth of more than 10% over corresponding period of last fiscal year. The social sector spending by end of July of the current year has grown by 23% (with actual spending of Rs 9,544 crore) over the corresponding period of 2017-18.
The projects under this head are executed and monitored through the departments of School & Mass Education, ST & SC Development, Health & Family Welfare, Panchayati Raj & Drinking Water, Women & Child Development and Mission Shakti, Higher Education, Skill Development and Technical Education, Social Security and Empowerment of Persons with Disability.
Similarly, the expenditure under agriculture & allied sector has reached Rs 3,516 crore and the expenditure in the infrastructure sector has touched Rs 2,840 crore. Similarly, the expenditure in agriculture & allied sector and infrastructure sector has reached Rs 3,993 crore and Rs 3,245 crore respectively.
Keeping pace with the expenditure, the total revenue generation has also grown around 33% by end of July. The total revenue generation by July end in last fiscal year (2017-18) was around Rs 9,8 crore against which current year collection up to same period has been Rs 13,015 crore. The revenue from own tax sources during current fiscal has grown by 27% with a total collection of Rs 9,536 and the tax from non-tax sources have grown by 51% with a total collection of Rs 3,479 crore.
The revenue generation from Mining Royalty and Vehicle taxes has shown the highest increase of around 72% and 42% respectively. The total collection from mining royalty has been around Rs 3,039 crore against last years’ collection of Rs 1,769 crore up to July end. Similarly, the revenue collection from vehicle tax has grown up to Rs 571 crore against last yews’ collection of Rs 404 crore during the same period.