Odisha Finance Minister presents Interim Budget 2022-23 in Assembly: Details here

Bhubaneswar: The Odisha Finance Minister Niranjan Pujari presented the Interim Budget today i.e. Dt. 30th March 2022 Wednesday in the Assembly. This Interim Budget is for 4-months that is April to July, 2022. The Total Budget Outlay is Rs 1,06,498 crore 2022-23. The total outlay for 2022-23 would touch Rs 2 lakh crore for the first time. Rs 2 lakh crore 2021-22 Budget Outlay was Rs 1.70 lakh crore while the state economic growth rate in 2022-23 is estimated to be 9%-9.5%.

Here are the Budget updates:

  • Finance Minister Niranjan Pujari reaches Assembly.
  • The FM has started presenting the Interim Budget.
  • It is my honour and privilege to present the Vote-on-Account Budget for the year 2022-23 in this August House.
  • Odisha Govt has always stressed on the health sector to provide best possible health services to the citizens, said the FM. We have been successful in managing successive waves of Covid by foresight, planning, effective use of technology, advice from experts and participation of the people. We have ensured safety of the people by administering more than 6 crores doses of vaccine in the State. I express my heartfelt gratitude to all the frontline workers, officers and staff of various Govt Depts and voluntary organisations who have strived hard for this.
  • The year 2022 began with the spread of the new Omicron Covid 19 variant leading to mobility restrictions across regions. Rising energy prices and supply disruptions both due to continuing waves of pandemic and war scenario in Europe have resulted in higher and more borad-based inlation and will affect the growth and also household incomes in medium term.
  • Despite adversities, Odisha economy is expected to register growth in the range of 9.0 to 9.5 % in 2022-23. Our focus on industries as well as MSME sector, social sector, employment generation and higher investment in infrastructure is likely to help the State economy register a nominal growth of beyond 12 % in 2022-23.
  • We are one among few pioneer States to have formulated SDG Budget and State indicator Framework linking each Goal to specific schemes.
  • During 2021-22 We have significantly increased mining revenue through effective renewal of mining leases. This has reduced our dependence on Central transfers with State’s own revenue contributing about 58 percent to the total revenue pool.
  • Before presenting the Budget Estimates and Vote on Account 2022-23, let me outline the Revised Estimates for the current financial year. In the Revised Estimates for 2021-22, the total expenditure from the Consolidated Fund is estimated at Rs. 1,65,000 crore. Total Revenue Receipt is estimated at Rs. 1,41,396 crore and Revenue Expenditure at Rs. 1,20,365 crore. Thus, Revenue surplus is estimated at Rs. 21, 031 crore in the Revised Estimates for 2021-22. The fiscal deficit is estimated to be contained at Rs. 2,455 crore which would be 0.38 % of GSDP.
  • As Union Govt has already presented the Union Budget, 2022-23, we have adopted the estimate of share in Central Taxes and taken input for working out the Grant-in-aid for various Centrally Sponsored and Central Sector Schemes from Union Budget for estimation of resources for the year 2022-23.
  • Total Administrative expenditure is estimated at Rs. 89,620 crore in 2022-23 including Rs. 29,248 crore for salaries, Rs. 18,221 crore for pension, Rs. 8,467 crore for interest payment and Rs. 5,856 crore for maintenance of capital assets.
  • Total Programme expenditure outlay for the financial year 2022-23 will be Rs. 1,10,000  crore. This includes an outlay of Rs. 1,00,000 crore for the Govt sector and Rs. 10,000 crore for the Public Sector Undertakings and other extra budgetary resources. The proposed programme budget size for 2022-23 is 33 % higher than that of 2021-22.
  • The outlay for Disaster Response Funds will be Rs. 3,210 crore. Transfers from State to the Local Bodies will have an outlay of Rs. 7,170 crore.
  • Thus, the Budget Estimates for 2022-23 envisages an expenditure of Rs. 2,00,000 crore. The capital outlay in 2022-23 is Rs. 40,011 crore, which is about 5.6 % of GSDP. Additionally, loans and advances, grants for creation of capital assets and other expenditure for capital formation together account for more than Rs. 51,799 crore, which is about 7.2 % of GSDP.
  • Revenue Receipt of the Financial Year 2022-23 has been worked out at Rs. 1,63,967 crore and the Revenue Expenditure has been estimated at Rs. 1,44,349 crore. The estimated revenue surplus is of the order of Rs. 19,618 crore, which would be 2.7 % of GSDP. The estimated fiscal deficit of Rs. 21,588 crore amounts to 3 % of the GSDP.
  • There is provision of Rs. 12,241 crore for overall health spending of the State Government which is 6.1 % of the total size of the Budget during 2022-23.
  • 10 new Medical Colleges have been set up in the last 5 years taking the total number of Medical Colleges to 13.
  • The Biju Swasthya Kalyan Yojana has been a path breaking programme of our Govt to provide universal health coverage with special emphasis on health protection of vulnerable families and women. The scheme extends cashless health care to about 96 lakh families. An amount of Rs. 1,864 crore has been provided under the scheme for supply of free medicine, diagnostic services and reimbursement of claims of private hospitals for providing cashless treatment to all the patients (BSKY card holders) in the Budget Estimates for 2022-23.
  • There is provision of an amount of Rs. 2,335 crore under Mukhya Mantri Swasthya Seva Mission and Rs. 312 crore under the scheme Human Resources in Health and Medical Education.
  • Provision of Rs. 2,000 crore has been made for different activities under Mission Shakti programme during 2022-23 which includes Rs. 1,039 crore under the National Rural Livlihood Mission, Rs. 773 crore of Finance Assistance to WSHGs and their Federations and Rs. 176 crore for Construction of Mission Shakti Gruha.
  • Rs. 26,492 crore has been provided under the education sector during 2022-23, which includes Rs. 521 crore under Mo School Abhiyan, Rs. 439 crore for Smart Class Rooms in selected 100 schools of excellence, Rs. 1,109 crore of GIA to Non-Govt High Schools, Rs. 420 crore for Odisha Adarsha Vidyalaya, Rs. 1,283 crore of GIA to Non-Govt Colleges, Rs. 3,552 crore under Samagra Sikshya, Rs. 165 crore for Infrastructure Development of Universities and Colleges, Rs. 258 crore for strengthening of Higher Education in Odisha under the World Bank project, And Rs. 182 crore under Rashtriya Uchchatar Shiksha Abhiyan (RUSA).
  • There is provision of Rs. 20,344 crore for different schemes in Agriculture and Allied Sector during 2022-23. This includes Rs. 1,874 crore of direct benefit transfers under KALIA Scheme, Rs. 300 crore of interest free loan for fertiliser and seed, Rs. 688 crore under Crop Production Management, Rs. 157 crore under Horticulture Development Programme, Rs. 161 crore of Grants to OUAT for research and education, Rs. 273 crore for Livestock Health and Disease Control Programme (lHDC), Rs. 182 crore for intensive Aquaculture and Inland Fisheries Development, Rs. 87 crore for poultry development, to Farmers, Rs, 600 crore of Premium Subsidy under PM Fasal Bima Yojana, Rs. 150 crore of Equity Support to Cooperative Banks, and Rs. 8,523 crore of total outlays for different schemes uder Irrigation sector.
  • Total allocation of Rs. 1,635 crore is proposed for 2022-23 (BE) for the Micro, Small and Medium Enterprise sector for setting up world class infrastructure and incentivise the industries, MSME and Start-ups.
  • Provisions under the major State Sector Schemes for infrastructure development include Rs. 300 crore under Biju Expressway, Rs. 178 crore under State Capital Project (including Capital Road), Rs. 1,408 crore under Augmentation of Basic Amenities and Development of Heritage and Architecture (ABADHA) at Puri, Rs. 200 crore under Ekamra Khetra Amenities and Monuments Revival Action Plan (EKAMRA), Rs. 200 crore under Samaleswari Temple Area Management and Local Economic Initiatives (SAMALEI), Rs. 150 crore for Integrated Development of Heritage, Monuments and Tourist Destinations, Rs. 1,688 crore under Biju Setu Yojana (BSY), Rs. 1100 crore for Connecting Unconnected Villages in Difficult Areas (CUVDA), Rs. 150 crore for Connection of Missing Road Links (CMRL), and Rs. 340 crore Tansferred Road Improvement Programme (TRIP).
  • We have provided Rs. 2255  crore for rural and urban water supply under the scheme BASUDHA, Rs. 6,000  crore under Jal Jeevan Mission in convergence with extra budgetary resources like OMBADC and DMF under the state saturation plan to fulfil the target. Outlay for urban amenities include Rs. 138 crore under Urban Sewerage Scheme, Rs. 334 crore udner Odisha Integrated Sanitation Improvement Project, Rs. 251 crore under Urban Sanitation Scheme, Rs. 415 crore for Improvement of Urban Governance, Rs. 214 crore for town planning under New City Development, Rs. 250 crore under Swachh Bharat Abhiyan, Rs. 200 crore under Smart City and Rs. 200 crore under Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
  • Keeping in view the requirement of funds for expenditure on payment of salary, pension, interest, repayment of principal, relief, old age pension, scholarship of ST and SC studnets and other on-going scheme and programmes, a sum of Rs. 1,06,498 crore has been proposed in the Vote on Account for seeking approval of this august House to defray expenses during the first four months of the financial year, that is from April to July, 2022.
  • We have travelled a long distance, but we need to work harder to realise growing aspirations of a Vibrant Odisha.
  • The FM said: Once again, I express my sincere thanks to the Leader of the House, Leader of Opposition and all Members of this House for their kind co-operation, constructive suggestions and unstinted support. I also thank Honourable Speaker for giving me this opportunity to speak a few words while presenting this Vote-on-Account Budget for the year 2022-23. Now, I end my speech by offering my prayers for peace, prosperity and wellbeing of the people of Odisha.Vande Utkal Janani

    Jai Hind

  • The FM ends presenting the Interim Budget.
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