The Business Bytes
TBB BUREAU
BHUBANESWAR, JULY 2, 2022
Odisha Finance Minister Niranjan Pujari presented the annual budget of Rs 2 lakh crore for the financial year 2022-23 in the Odisha Legislative Assembly on Saturday.
“Over last twenty-two years, there has been a seventeen-fold increase in budget size and this year, we are touching the landmark figure of Rs 2 lakh crore,” Pujari said.
The total programme expenditure outlay for the financial year 2022-23 is estimated at Rs 1 lakh crore. In addition, Rs 10,000 crore will be spent through off-budget sources and by public sector undertakings (PSUs), he said.
The administrative revenue expenditure is estimated at Rs 89,590 crore while Rs 3,210 crore has been allocated for disaster risk management fund and Rs 7,200 crore for transfers from state.
The capital outlay is Rs 38,732 crore, which is about 5.4 per cent of GSDP and 56 per cent increase over the previous year.
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, he pointed out.
This budget focuses on achieving inclusive prosperity through human development, creation of physical and social infrastructure, provision of social safety nets for the disadvantaged and vulnerable sections and empowerment of women, youth, ST, SC, OBC, minorities, differently-abled and senior citizens, Pujari said.
A total sum of Rs 12,624 crore has been proposed for public health care, which is an increase of about 25 per cent over previous year’s provision.
Similarly, an allocation of Rs 27,324 crore has been made for the education and skill development sector and Rs 21,166 crore for agriculture & allied activities.
The state has allocated Rs 1,950 crore under different schemes for the year 2022-23 for conserving and developing the places of religious and cultural importance,.
Similarly, Rs 830 crore has been earmarked for development of tourism sector, Rs 911 crore for sports, Rs 7,850 crore for rural drinking water supply, Rs 7,258 crore for housing & urban development department, Rs 2,000 crore for the Mission Shakti department, Rs 1,023 crore for Re 1 per kg rice scheme and Rs 32,596 crore for SC & ST development.
