Odisha spends Rs 44,290 crore in 11th Plan

Expenditure at 101% of approved outlay

 

Overcoming its not so encouraging track record in spending Plan outlays, the Odisha government has logged 101.07 per cent expenditure in the 11th Plan period (2007-12).

The state government spent Rs 44,290.16 crore against the approved outlay of Rs 43,820 crore under the 11th Plan, Maheshwar Mohanty, minister for planning & coordination informed the state assembly.

Sectors like energy, industry & minerals, transport, science & technology, social services and general services registered more than 100 per cent spending in 2007-12.

The remaining sectors- agriculture & allied activities, rural development, special area programmes, irrigation & flood control and general economic services clocked over 90 per cent expenditure in the period. The minister also informed that Odisha’s debt-GSDP (gross state domestic product) considerably improved from 55.92 per cent in 2002-03 to 17.87 per cent in 2011-12. An average real annual growth rate of 8.23 per cent has been achieved during the 11th Plan at 2004-05 prices.

The state’s economy is projected to grow at the rate of nine per cent during the 12th Plan (2012-17). keeping in sync with the government’s endeavour to achieve a sustainable and inclusive higher economic growth.

The state’s 12th Five Year Plan envisages an average annual growth rate of nine per cent with a projected outlay of Rs 1.24 lakh crore. Sustained efforts have been made by the state government to allocate increasingly higher resources for planned development of the state.

The key sectors identified under the 12th Plan are agriculture, irrigation, handloom, infrastructure, health, education and poverty alleviation.

The 12th Plan would include an account of major schemes with projected outlays and physical targets.

Among the projects to be included under the 12th Plan include the Rs 10,000-crore capacity expansion plan proposed by state owned Odisha Power Generation Corporation (OPGC). The power generation utility aimed to add two 660 MW units to its 420 MW power station at Banharpalli near Jharsuguda.

Besides, the projects to be taken up under the Petroleum, Chemical and Petrochemical Investment Region (PCPIR), planned over 284.15 sq km (70,214 acres) area spread over Jagatsinghpur and Kendrapara districts are likely to be included under 12th Plan. The PCPIR hub is expected to attract investments to the tune of Rs 2.74 lakh crore. Indian Oil Corporation Ltd (IOCL), the anchor tenant for the PCPIR hub is building a 15 million tonne per annum (mtpa) refinery at an investment of Rs 55,000 crore.