Bhubaneswar: Odisha Finance Minister Niranjan Pujari tabled the annual budget for the 2022-23 financial year with an outlay of Rs 2 lakh crore in the State Assembly today.
Pujari termed the budget as a welfare, growth, development and investment-oriented annual budget.
This year’s budget outlay is 17.6% more in comparison to that of previous year 2021-22.
Like previous years, the 2022-23 budget has been bifurcated into two parts- Agriculture budget and General budget.
The key highlights of the budget are:
Administrative expenditure-Rs 89,590 crore
Programme expenditure-Rs 1,00,000 crore
Disaster Risk Management Fund -Rs 3,210 crore
Transfers from State-Rs 7,200 crore.
Qualitative Aspects of the Budget
The outlay of Rs1,00,000 crore for Programme Expenditure.
The allocation of Rs 21,166 crore for Agriculture and Allied sectors.
Allocation of Rs 27,324 crore for Education and Skills sector.
Allocation of Rs 12,624 crore for Health sector.
Investment of about Rs 8,385 crore for Piped Water Supply Projects under BASUDHA and Jal Jeevan Mission.
Allocation of Rs 32,596 crore for development of SCs and STs for identified Schemes in the Programme budget.
Own Tax-GSDP Ratio for 2022-23 (BE) would be 6.4%.
Our dependence on Central transfers has reduced with State’s own revenue contributing about 57% to the total revenue pool.
Revenue Surplus projected at 2.5% of GSDP.
Fiscal Deficit kept within the prescribed limit of 3% of GSDP. The capital outlay in 2022-23 is Rs 38,732 crore, which is about 5.4 per cent of GSDP.
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.
