By Our Correspondent
BHUBANESWAR: Odisha Finance Minister Niranjan Pujari on Friday presented a Supplementary Budget of Rs 11,200 crore for the financial year 2020-21 in the State Assembly.
The budget book was made available at the website https://budget.odisha.gov.in The budget provision of Rs 11,200 crore comprises of ?2,273 crore for Administrative Expenditure, Rs 1,484 crore for Disaster Management Funds, Rs 5 crore for Transfer to Local Bodies and Rs 7,438 crore for Programme Expenditure.
The allocations under Administrative Expenditure and Transfers to Local Bodies are to be financed against adjustment and surrender. The allocation under Disaster Management Funds would be financed against year-end balance and anticipated receipts from the NDRF.
The Programme Expenditure of Rs 7,438 crore is to be partially financed by tied-up resources to the extent of Rs 2,755 crore and balance requirement of Rs 4,683 crore to be met out of savings and surrender during the year.The primary focus of the Supplementary Budget is Covid response related to health, food and social security, livelihoods, employment generation, etc.
Besides, to boost the domestic demand and for revival of the State economy, the budget not only recognises the volume of State spending but also its multiplier effect through efficient and effective utilisation, completion of projects and schemes so as to deliver the benefit to people.
The packages announced by the Chief Minister like Covid-19 warrior special assistance, handloom, textile and handicraft sector, MSME sector, Mission Shakti, etc., have been fully funded, Pujari said.
The size of the Supplementary Budget is about 7.5% of the 2020-21 Annual Budget, which adheres to the good practice of keeping the provision well below 10% of the Annual Budget. The outlay for Programme Expenditure constitutes about 66.35% of the total supplementary provision.
Provisions for Programme Expenditure and Priority Sectors:The outlay for Programme Expenditure mainly focuses on the social and economic sectors. Out of the total outlay of Rs 7,438 crore under Programme Expenditure, Rs 2,041 crore (27.4%) is allocated for Panchayati Raj & Drinking Water, Rs 1,627 crore (21.8%) for Health and Family Welfare, Rs 1,077 crore (14.5%) for Food Supplies & Consumer Welfare, Rs 957 crore (12.8%) for Energy and Rs 457 crore (6.1%) for School and Mass Education.Thus, in total Rs 7,199 crore (97%) is allocated towards development expenditures within the Programme Expenditure.
