Odisha govt presents Rs 2.30 lakh crore Budget for 2023-24 fiscal

Priya Ranjan Swain Published On : Feb 24, 2023 at 5:12 PM

Bhubaneswar: Finance Minister Niranjan Pujari tabled a Budget proposal of Rs 2,30,000 crore for 2023-24 financial year in the Odisha Assembly today.

The capital outlay for the 2023-24 fiscal is Rs 51,683 crore, which is 6 per cent of the GSDP.

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Loans and advances and grants for creation of capital assets and other expenditure for capital formation together account for Rs 12,421 crore, which is 1.4 per cent of the GSDP.

The Budget outlay is proposed to be financed through revenue receipts of Rs 1,84,500 crore and borrowing and other receipts of Rs 45,500 crore.

Total revenue receipts for the year 2023-24 include state’s share in Central taxes of Rs 46,251 crore, state’s own tax of Rs 53,000 crore, own non-tax revenue of Rs 52,500 crore and Rs 32,749 crore grants from the Centre, said the Finance Minister in his Budget speech.

This Budget focuses on achieving rapid and inclusive growth through development of human resources, investment in physical and social infrastructure, healthcare for all, provision of social safety nets for the disadvantaged and vulnerable sections and empowerment of youth, women, STs, SCs, OBCs, minorities, persons with disability and senior citizens, he added.

The state government has allocated Rs 16,048 crore for the health sector in this Budget. This is 27 per cent more than the allocation in the last Budget, said the Finance Minister.

The allocation for piped water scheme stands at 13,215 crore, which is 58 per cent more than the previous fiscal’s figure.

The government has allocated Rs 24,829 crore (21 per cent increase) for Agriculture and allied Sector, Rs 19,452 crore (34 pc hike) for roads, bridges, airports and railways sector, Rs 7,914 crore (9 pc hike) for urban development, Rs 6224 crore for Mission Shakti and women and child development, Rs 1,358 crore for industries and MSME sector and Rs 3,700 crore for disaster risk management in Odisha, said the Finance Minister.

The Odisha government has proposed to spend Rs 30,030 crore for education and skill development, Rs 38,437 crore for SC/ST development, Rs 680 crore for tourism sector, Rs 1,217 crore (34 pc hike) for development of sports, Rs 8,130 crore for internal security and justice and Rs 7,300 crore for transfer to local bodies, he added.

Notably, this is the last full-fledged Budget of the BJD government in its fifth term in office.