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Odisha registers 23.33 pc growth in revenue generation till Q3

Press Trust of India  |  Bhubaneswar 

has registered a growth of 23.33 per cent in generation in the first nine months ending December 2017 of the current fiscal compared to the corresponding period of 2016-17, a top said today.

This was revealed by A P Padhi after chairing an all secretaries meeting here today.

The collection from own up to December was Rs 19,722 crore against a total collection of Rs 15,239 core during the same period of 2016-17, Secretary T K Pandey informed the meeting.

Similarly, the collection from non-sources during the period was Rs 5,291 crore against the collection of Rs 5,042 crore during 2016-17, he said adding that the total generation from both and non-sources during 2017-18 was around Rs 25,013 crore by end of December, 2017 against a total of Rs 20,282 during the corresponding period of 2016-17.

"The overall increase in generation is around 23.33 per cent from both own and non-resources by end of December in current financial year (2017-18) in comparison to the corresponding period of last financial year," Pandey said.

Keeping in tune with the generation, the total expenditure up to December, 2017 was Rs 59,572 crore against the expenditure of Rs 56,456 crore up to December, 2016 thereby showing an increase of around 5.52 per cent, Pandey said.

While the expenditure in the social sector was Rs 24,965 crore, the expenditure in agriculture & allied sectors was around Rs 8,821 crore. The expenditure in infrastructure building was around Rs 9,889 crore, he said.

Padhi asked secretaries to look into convergence of budgetary and non-budgetary resources of their respective departments for more effective use of the resources.

The Annual State Budget is expected to be presented on February 3. Padhi also directed the departments to furnish information for 15th Commission by April 15, 2018.

The information to the commission need to be furnished on 43 topics covering various functional areas of Government, 24 schedules and 7 topics relating to local bodies, sources said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 18:55 IST