BHUBANESWAR: Odisha’s total revenue collection rose 7.3 per cent year-on-year to Rs 61,593 crore by the end of July even as the state government stepped up programme spending and capital expenditure.
The figures were presented at a review meeting of the Finance department chaired by Chief Minister Mohan Charan Majhi on Tuesday. Majhi, who holds the Finance portfolio, directed officials to strengthen revenue mobilisation and accelerate programme and capital expenditure to support economic growth and infrastructure development.
According to a Finance department presentation, the state’s own revenue grew 11.9 per cent during the period compared with the corresponding period of the previous financial year. Own tax revenue increased 9.3 per cent, while own non-tax revenue recorded a higher growth of 14.8 per cent.
Over 10 per cent of the state’s revenue receipts came from central grants, 31 per cent from its share of central taxes, 31 per cent from own tax revenue and 28 per cent from own non-tax revenue.
On the expenditure side, programme spending in the first four months of the current financial year was 19.1 per cent higher than during the corresponding period last year. Capital expenditure also rose significantly.
The state spent Rs 11,300 crore on capital projects till July, compared with Rs 9,399 crore during the same period last year, registering an increase of 20.2 per cent.
Majhi emphasised that higher revenue mobilisation needs to be accompanied by faster execution of development and infrastructure projects.
The state has set a broader objective of building a prosperous Odisha by 2036 and is preparing multiple initiatives towards this goal, he said.
“While revenue collection as well as programme and capital expenditure are higher than last year, there is scope for further improvement,” Majhi said, directing departments to expedite implementation and ensure greater utilisation of allocations.
Principal secretary Finance Sanjeeb Mishra made the detailed presentation on revenue receipts and expenditure. Chief secretary Anu Garg and senior officials of the department attended the meeting.
