Odisha finance departments to finalise annual budget estimates soon

State Plan size tentatively pegged at Rs 35,000 cr for 2014-15 which includes Rs 2,000 cr for public sector undertakings

The state finance department has asked all administrative departments to finalize Non-Plan Budget estimates for 2014-15 by May 28.

It may be noted that on account of the twin Lok Sabha and assembly polls, Odisha had presented a Vote-on-Account for this fiscal. The Non-Plan Budget estimates for the interim budget were prepared on the basis of pre-budget scrutiny of proposals received from different departments.

“Changes/modifications required within the overall Non-Plan provision indicated in the demand for grants for 2014-15 (Vote-On-Account) need to be intimated to the finance department so as to incorporate the same in the Annual Budget. It is therefore requested that proposal for changes, if any, in the Non-Plan Budget Estimates for 2014-15 within the overall Non-Plan provision may be sent to the department by May 28. If no proposal is received within the said date, the provision taken in the demand for grants for 2014-15 (Vote on Account) would be adopted for finalisation of the Non-Plan Budget for the year,” U N Behera, additional chief secretary (finance) wrote to secretaries of all departments.

The Vote-on-Account estimated the total outgo at Rs 76,006.87 crore for the ensuing fiscal, 26.04 per cent higher than the outlay of Rs 60,303 crore for 2013-14.

Bereft of any new scheme, the Vote on Account reaffirmed focus on existing schemes in areas like agriculture, irrigation, infrastructure development, poverty eradication, health, education, rural development, social security and social welfare.

The government has anticipated a revenue surplus of Rs 1,120.13 crore by the close of 2014-15 projecting revenue receipt and revenue expenditure of Rs 62,916.76 crore and Rs 61,796.44 crore respectively. Fiscal deficit is estimated at Rs 9,856.03 crore by the end of next fiscal, 2.98 per cent of the gross state domestic product (GSDP) estimated at Rs 3,30,390 crore.

The State Plan size has been tentatively pegged at Rs 35,000 crore for 2014-15 which includes Rs 2,000 crore for public sector undertakings (PSUs). The net Non-Plan expenditure is projected at Rs 42,422 crore.

The state’s own tax and non-tax revenue has been estimated at Rs 27,512.65 crore, 12 per cent rise over Rs 24,580 crore in 2013-14.

The government has provided for its flagship programmes- Gopabandhu Gramin Yojana (Rs 225 crore), Biju KBK Yojana (Rs 120 crore), Mo Kudia Yojana (Rs 150.10 crore), Mamata (Rs 222.63 crore), Biju Setu Yoajana (Rs 163 crore), Biju Krushak Kalyan Yojana (Rs 90 crore), rice at Rs 1 per kg (Rs 1,327 crore), Biju Kandhamal ‘O’ Gajapati Yojana (Rs 28.50 crore) and Biju Saharanchal Bidyutikaran Yojana (Rs 20 crore).