Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn

Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target

Shorn of new taxes or sweeping reforms, Odisha presented a revenue surplus budget with total outgo pegged at Rs 1.5 trillion with enhanced allocations on health and tourism.

The Budget projects a revenue surplus of Rs 9,509.14 crore for FY21 while fiscal deficit is seen at three per cent, well within the prescribed limit of state Fiscal Responsibility & Budget Management (FRBM) Act. As per the Revised Estimates (RE) for 2019-20, the state will have Rs 6,175 crore revenue surplus while the fiscal deficit is estimated to be 3.4 per cent of Gross State Domestic Product (GSDP) which is within