Odisha’s revenue generation up 19%

Views: 114

Bhubaneswar, Jan 8 (IANS) The revenue generation of Odisha has seen a growth of 19 per cent until the end of December against the corresponding period of the previous financial year, said an official on Tuesday.

The total revenue generation by December-end in last fiscal year (2017-18) was around Rs 25,023 crore, against which current year collection up to same period has been Rs 29,665 crore, the official said.

This was concluded at an all secretaries’ meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi here on Tuesday.

The revenue from non-tax sources grew by 60 per cent with a total collection of Rs 8,556 crore while that from own-tax sources grew by 7 per cent with a total collection of Rs 21,109 crore.

The revenue generation from mining royalty and industrial water rate has increased around 70 per cent and 14 per cent, respectively. The total collection from mining royalty has been around Rs 7,185 crore against last year’s collection of Rs 4,217 crore up to December end.

Similarly, the revenue collection from industrial water has grown up to Rs 454 crore against last year’s collection of Rs 406 crore during the same period. The revenue from duties and electricity has also grown by 73 per cent with a total collection of Rs 2,309 crore.

Finance Secretary Ashok Kumar Meena informed that the budget utilisation in different programmes being executed through various departments recorded a growth of around 26 per cent by the end of December 2018 with actual expenditure of Rs 39,820 crore.

The total programme expenditure in the social sector by the end of December of the current financial year has grown by 56 per cent over the corresponding period of 2017-18, he informed.

The actual expenditure under this head crossed Rs 21,245 crore against the last year’s spending of Rs 13,912 crore during the same period.

The total expenditure in the infrastructure sector has reached Rs 8,513 crore marking a growth of around 3 per cent over the corresponding period of last fiscal. Similarly, the total expenditure in agriculture and allied sector has touched Rs 8,201 crore.

The total expenditure has grown by 4 per cent in agriculture and farmers’ empowerment, 41 per cent in fisheries and animal resource development, and 23 per cent in the activities under the Cooperation Department.

–IANS

cd/nir

Comments: 0

Your email address will not be published. Required fields are marked with *