Odisha's fiscal performance shows upward trend
Bhubaneswar, Aug 10 (PTI) Odisha's fiscal performance
has shown upward trend in the first quarter of 2018-19 ending
in July, official sources said today.
Growth was registered both in the revenue generation
and utilisation of budgeted allocation, they said.
This came to fore in the secretaries meeting held
today under the Chairmanship of chief secretary A P Padhi
where finance secretary AK Meena outlined the financial
updates of the state for discussion.
Review of the fiscal performance showed that budget
utilisation on different plans, programs and schemes up to
of more than 10 per cent over corresponding period of last
fiscal year, the sources said.
The social sector spending by end of July of current
year has grown by 23 per cent (with actual spending of
Rs 9,544 crore) over the corresponding period of 2017-18.
Similarly, the expenditure under agriculture and
in infrastructure sector has touched Rs 2,840 crore. The
expenditure in agriculture and allied sector and
crore respectively, official sources said.
Keeping pace with the expenditure, the total revenue
generation has also grown around 33 per cent by end of July,
2018, they said.
The total revenue generation by July end in last
current year collection up to same period has been Rs 13,015
The revenue from own tax sources during current fiscal
crore and the revenue from non-tax sources have grown by 51
Percent with a total collection of Rs 3,479 crore.
The revenue generation from mining royalty and vehicle
taxes has shown highest increase of around 72 per cent and 42
per cent respectively, Meena said.
The total collection from mining royalty has been
Rs 1,769 crore up to July end.
Similarly, the revenue collection from vehicle tax has
Rs 404 crore during the same period.(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)