Odisha Finance Minister presents Budget 2022-23 in State Assembly: Check details

Bhubaneswar: Odisha Finance Minister Niranjan Pujhari on Saturday presented the full fledged budget of Rs 2 lakh crore in the State Assembly. Importance has been given to Education, Health and Transformation in the Agriculture sector in this budget.

Here are the expenditure proposals for different heads as proposed by the FM while presenting the budget today.

  1. Biju Swasthya Kalyan Yojana (BSKY) Rs 2674 cr
  2. Chief Minister Health Services Mission Rs 2325 cr
  3. Education and skill development Rs 27,324 cr
  4. Development of temples Rs 1950 cr
  5. Construction of new roads to villages Rs Rs 150 cr
  6. Basudha Yojana Rs 1850 cr
  7. Pradhan Mantri Awas Yojana and Biju Pucca Ghar Yojana Rs 5906 cr
  8. Mission Shakti Rs 2,000 cr
  9. Power sector Rs 3,482 cr
  10. Home department Rs 7,551 cr

Besides, proposal was also put forth for transformation of schools, construction of bus stands in every block while sports projects to be launched from the block level to the state level.

“Over last twenty-two years, there has been a seventeen-fold increase in budget size and this year, we are touching the landmark figure of Rs 2 lakh crore,” Pujari said.

The total programme expenditure outlay for the financial year 2022-23 is estimated at Rs 1 lakh crore. In addition, Rs 10,000 crore will be spent through off-budget sources and by public sector undertakings (PSUs), he said.

The administrative revenue expenditure is estimated at Rs 89,590 crore while Rs 3,210 crore has been allocated for disaster risk management fund and Rs 7,200 crore for transfers from state.

The capital outlay is Rs 38,732 crore, which is about 5.4 per cent of GSDP and 56 per cent increase over the previous year.

The outlay is proposed to be financed mainly through revenue receipts of Rs 1,63,967 crore and borrowing and other receipts of Rs 36,033 crore, he pointed out.

A budget stabilization fund would be set up with a corpus of Rs 10,000 crore, which is the first of its kind in a state in India, he said, adding, “This would help us set aside certain surplus revenue for times of unexpected revenue shortfall or budget deficit.”

This budget focuses on achieving inclusive prosperity through human development, creation of physical and social infrastructure, provision of social safety nets for the disadvantaged and vulnerable sections and empowerment of women, youth, ST, SC, OBC, minorities, differently-abled and senior citizens, Pujari said.

A total sum of Rs 12,624 crore has been proposed for public health care, which is an increase of about 25 per cent over previous year’s provision.

Similarly, an allocation of Rs 27,324 crore has been made for the education and skill development sector and Rs 21,166 crore for agriculture & allied activities.

For conserving and developing the places of religious and cultural importance, the state has allocated Rs 1,950 crore under different schemes for the year 2022-23.

Similarly, Rs 830 crore has been earmarked for development of tourism sector, Rs 911 crore for sports, Rs 7,850 crore for rural drinking water supply, Rs 7,258 crore for housing & urban development department, Rs 2,000 crore for the Mission Shakti department, Rs 1,023 crore for Re 1 per kg rice scheme and Rs 32,596 crore for SC & ST development

Stating that it is a progressive, pro-poor and development-oriented budget, Chief Minister Naveen Patnaik said priority of the budget is to create quality healthcare facilities, quality education including school transformation, life and livelihoods, women empowerment as well as infrastructure development.

“The capital spending will increase by more than 56 per cent, which will foster growth. The separate budget for Mission Shakti with allocation of Rs 2,000 crore will further deepen our engagement with 70 lakh women of our state,” he said.

Further, he said the initiative to create a budget stabilization fund will help in mitigating any revenue shock in future.

Notably, the Odisha government had presented a vote-on-account budget of Rs 1.06 lakh crore for the first four months (April to July) of the financial year 2022-23 in March in view of panchayat and urban elections.

Also read: Monsoon Session of Odisha Assembly to be held today, Budget for FY 2022-23 to be presented on first day

Kalinga TV is now on WhatsApp. Join today to get latest Updates
Leave A Reply

Your email address will not be published.