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Odisha’s 1st Quarter 2018 Fiscal Reflects Upward Trend


11 July 2018

OMMCOM NEWS


Bhubaneswar: Odisha's fiscal performance has shown an upward trend by end of 1st quarter of the current fiscal year in both its indicators of budget utilisation and revenue generation.

This was revealed by Department Secretaries’ meeting held under the Chairmanship of Chief Secretary Aditya Prasad Padhi at the State Secretariat here today. Additional Chief Secretary Finance Tuhin Kanta Pandey outlined the financial updates of the State for discussion.

Review of the 1st quarter fiscal performance showed that budget utilization on different plans, programmes and schemes up to June, 2018 has been Rs 13,591 crore thereby showing the growth of around 19% over last year utilization up to June, 2017.

Reviewing fiscal performances of various departments during 1st quarter of 2018-19, Padhi directed the departments to focus on formulation, sanction and implementation of more need based projects under District Monetary Fund (DMF) along with the budgeted projects.

The Social sector spending by end of June of current year (with actual spending of Rs.6670.53cr) has grown by 65% over the corresponding period of l2017-18. Development Commissioner R Balakrishnan advised that the departments should manage and monitor the DMF projects like that of the budgeted projects.

The projects under this head are executed and monitored through the departments of School and Mass Education, ST and SC Development, Health and Family Welfare, Panchayati Raj and Drinking Water, Women and Child Development and Mission Shakti, Higher Education, Skill Development and technical Education, Social Security and Empowerment of Persons with Disability.

Similarly, the expenditure under agriculture & allied sector has reached Rs.3516 cr and the expenditure in infrastructure sector has touched Rs.2840 cr. Keeping pace with the expenditure, the total revenue generation has also grown around 29% with a total collection of Rs.8928 cr by end of June 2018-19.

The revenue generation by June in last fiscal year (2017-18) was around Rs.6936 cr. The revenue from own tax sources during current fiscal has grown by 22.25% with total collection of Rs.6445.52 cr and the revenue from non-tax sources have grown by 49.16% with a total collection of Rs.2482.34 cr.

The State’s target was set to make online pension paper submission and sanction mandatory from August 2018. Presently, both the online and offline systems are in operation. As of now 662 pensioners have submitted applications online.

From August pension papers will be submitted only through online. The applications will be processed online by the respective Head of The Departments and Pensions Sanctioning Authorities. Further, it will be integrated with Accountant General office along with e-service book generated from HRMS from Januray, 2019.

Pandey appraised that in the meanwhile the module for online submission of utilization certificates (UCs) under various schemes and grant of State Government has been developed. It would be rolled out from in November, 2018.

Padhi directed to properly train the concerned officers and stakeholders about the new system before rolling out. Similarly, online sanction order through Integrated Financial Management System (IFMS) will also be made mandatory from 1st August, 2018. The pilot of this online sanction system has been successful. Till now 17,742 sanction orders have been issued through online IFMS.

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