New Delhi: Odisha’s Finance Minister Niranjan Pujari on Saturday presented an annual budget of Rs 2 lakh crore for the year 2022-23 in the state assembly.
“In the last twenty-two years, there has been a seventeen-fold increase in the budget size and this year, we are touching the historic figure of Rs 2 lakh crore,” Pujari said.
The total program expenditure outlay for the financial year 2022-23 is estimated at Rs 1 lakh crore. In addition, Rs 10,000 crore will be spent from off-budget sources and by Public Sector Undertakings (PSUs).
Administrative revenue expenditure is estimated at Rs 89,590 crore while Rs 3,210 crore has been allocated for Disaster Risk Management Fund and Rs 7,200 crore for devolution from the state.
The capital outlay is Rs 38,732 crore, which is about 5.4 per cent of GSDP and is 56 per cent higher than the previous year.
He said the outlay is proposed to be financed primarily through revenue receipts of Rs 1,63,967 crore and borrowings and other receipts of Rs 36,033 crore.
A budget stabilization fund will be set up with a corpus of Rs 10,000 crore, the first of its kind in a state in India, he said, adding, “This will enable us to set aside some surplus revenue for times of unexpected revenue shortfall.” Will help.” Or the budget deficit.”
This budget focuses on human development, creation of physical and social infrastructure, provision of social safety net for the deprived and weaker sections and empowerment of women, youth, scheduled tribes, scheduled castes, other backward classes, minorities, disabled and senior citizens. Focused on achieving inclusive prosperity. , said the priest.
A total of Rs 12,624 crore has been proposed for public health care, an increase of about 25 per cent over the previous year’s provision.
Similarly, an allocation of Rs 27,324 crore has been made for the education and skill development sector and Rs 21,166 crore for agriculture and allied activities.
The state has allocated Rs 1950 crore in the year 2022-23 under various schemes for the protection and development of places of religious and cultural importance.
Similarly, Rs 830 crore for development of tourism sector, Rs 911 crore for sports, Rs 7850 crore for rural drinking water supply, Rs 7258 crore for Housing and Urban Development Department, Rs 2000 crore for Mission Shakti Department, Rs 1023 crore Have kept Rs. 1 crore for the Rs 1 per kg rice scheme and Rs 32,596 crore for the development of Scheduled Castes and Scheduled Tribes
Asserting that it is a progressive, pro-poor and development-oriented budget, Chief Minister Naveen Patnaik said that the priority of the budget is quality health facilities, school transformation, quality education including life and livelihood, women empowerment as well as infrastructure development Is.
“Capital expenditure will increase by more than 56 per cent, which will spur development. The separate budget for Mission Shakti with an allocation of Rs 2,000 crore will further deepen our connect with the 70 lakh women of our state,” he said.
Furthermore, he said that the initiative to create a budget stabilization fund would help cushion any revenue shock in the future.
Significantly, in March, the Odisha government presented a vote-on-account budget of Rs 1.06 lakh crore for the first four months (April to July) of the financial year 2022-23 in view of the panchayat and urban elections.
