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29% growth in revenue collection in Odisha

Press Trust of India  |  Bhubaneswar 

government has registered a growth of 29 per cent in the revenue collection during the first quarter of 2018-19 as against the corresponding period last year.

The total revenue generation in the first quarter is Rs 8,928 crore, compared to Rs 6,936 crore, the figure for the corresponding period of 2017-18, an said.

While the revenue from own tax sources during first quarters has grown by 22.25 per cent with a total collection of Rs 6445.52 crore, the revenue collected from non-tax sources registered a growth of 49.16 per cent with a total collection of Rs 2,482.34 crore.

AP Padhi reviewed the performance of the first quarter of the fiscal at the all secretaries meeting here during the day.

The review showed that budget utilization on different plans, programmes and schemes from April to June, 2018 has been Rs 13,591 crore, showing a growth of around 19 per cent over last year's utilization up to June 2017.

The social sector spending by end of June of the current year (with actual spending of Rs 6670.53 crore) has grown by 65 per cent.

Similarly, the expenditure under agriculture and allied sector have reached Rs 3,516 crore and the expenditure in the infrastructure sector has touched Rs 2,840 crore, the said.

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

First Published: Wed, July 11 2018. 20:50 IST