Odisha Budget outgo up 13% at Rs 1.2 trn; growth pegged at 8-8.5% in FY19

Budget outlay to be financed mainly through revenue receipts of Rs one trn, rest from borrowing and other receipts of Rs 197 bn

Odisha has presented a revenue surplus budget for 2018-19 with the total outgo pegged at Rs 1.2 trillion, higher by 13.2 per cent over Rs 1.06 trillion in last fiscal.

The state Budget after factoring in the external and domestic economic environment has set a growth forecast of 8-8.5 per cent during 2018-19. For 2017-18, the Budget concurred with the growth projection of the Economic Survey at 7.14 per cent. This comes on the back of a robust 10.4 per cent growth recorded by Odisha in 2016-17. Higher growth is mainly contributed by growth in manufacturing, energy and service sectors.

The Budget