By Our Correspondent
BHUBANESWAR: Odisha Finance Minister Niranjan Puari on Saturday presented the Annual Budget for the year 2022-23 in the State Legislative Assembly with a total outlay of Rs 2 lakh crore, which is the highest ever allocation in the history of Odisha. The Budget size is Rs 30,000 crore more than the Annual Budget of last fiscal 2021-22.
Total Program expenditure outlay for the financial year 2022-23 estimated at Rs 1 lakh crore, which is half of the entire budgetary allocation. In addition, Rs10,000 crore will be spent through off-budget sources and by Public Sector Undertakings (PSUs), Pujari said.
Total Administrative Spending will be Rs.89,590 Crore during 2022-23.The outlay for Disaster Risk Management Fund will be Rs.3,210 crore. Transfers from State will have an outlay of Rs.7200 crore, he said.
The capital outlay in 2022-23 is Rs.38,732 crore, which is about 5.4 per cent of GSDP and 56 per cent increase over the previous year. Additionally, loans and advances, grants for creation of capital assets and other expenditure for capital formation together account for Rs.11,933 crore, which is an additional 1.7 per cent of GSDP.
.Pujari said 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.
The total revenue receipts for the year 2022-23 include State’s share in Central Taxes for Rs.36,978 crore, State’s Own Tax revenue for Rs.46,000 crore, Own Non-tax revenue for Rs.48,200 crore and grants from Centre for Rs.32,789 crore. Thus, the Own Revenue/GSDP ratio would be 13.20 per cent in 2022-23, he informed.
A total sum of Rs.12,624 crore has been proposed for public health care, which is an increase of about 25% over previous year’s provision. Similarly, an allocation of Rs.27,324 crore has been made for the education and skill development sector.
For conserving and developing the places of religious and cultural importance, the Finance Minister has allocated Rs.1,950 Crore under different schemes during 2022-23.
This includes an outlay of Rs.1,325 crore under ABHADA, Rs.200 crore each under EKAMRA and SAMALEI, and Rs.150 crore under Integrated Development of Heritage, Monuments & Tourists Destinations in the budget.
