Rs 1.2 lakh crore budget for 2018-19 presented in Odisha

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Bhubaneswar, March 23 (IANS) Odisha Finance Minister Shashi Bhusan Behera on Friday presented a Rs 120,028 crore budget for fiscal year 2018-19 in the state Assembly.

The budget is about 12.3 per cent higher than the that for 2017-18.

The Finance Minister also presented a separate agriculture budget of Rs 16,765 crore for 2018-19.

“The budget focuses on achieving rapid and inclusive growth through human development, physical and social infrastructure, social safety nets for the disadvantaged and vulnerable sections and empowerment of people,” said Behera.

He said the total outlay of Rs 1.20 lakh crore would be financed through revenue receipts of Rs 1,00,200 crore and borrowing and other receipts of Rs 19,678 crore.

The Minister said as per the revised estimates for 2017-18, there will be a revenue surplus of Rs 8,873 crore and the fiscal deficit will be at 3.4 percent of Gross State Domestic Product.

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Meanwhile, opposition Congress and BJP termed the budget “disappointing”.

–IANS

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