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Odisha's additional Budget outgo pegged at Rs 11,448 cr

In the net provision, state Plan and Non-Plan expenditure has been pegged at Rs 8,305 cr and Rs 1,910 cr respectively

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BS Reporter Bhubaneswar
The Odisha government opted for an enhanced outlay in its Supplementary Budget for 2015-16 to make provision for eight schemes where the central government has discontinued funding and also on its new schemes.

The gross Supplementary provision has been pegged at Rs 11,448.64 crore while the net outgo is fixed at Rs 10,227.65 crore. The allocation under the additional Budget is more than twice the size of Rs 4,502 crore in last fiscal.

In the net provision, state Plan and Non-Plan expenditure has been pegged at Rs 8,305.39 crore and Rs 1,910.50 crore respectively. This Supplementary provision is to be financed by tied up resources to the extent of Rs 3,246.44 crore, untied resources to the extent of Rs 3,160.29 crore, surrender of provision in grants and appropriations to the extent of Rs 1149.05 crore and Rs 2,671.87 crore from overall savings and surrenders towards the end of the financial year.

 

Out of the State Plan provision of Rs 8,307.55 crore, the Budget has allocation of over Rs 5,000 crore for infrastructure development- Rs 1,311.59 crore for improvement of road infrastructure, Rs 600 crore for installation of 33/11 KV sub-stations, Rs 2,754.33 crore for rural development sector and Rs 438.33 crore for Pradhan Mantri Grameen Sadak Yojana  (PMGSY).

In a bid to develop the urban areas of the state, the Budget has proposed to make a provision of s 336.26 crore of which Rs 91.26 crore is set aside for AMRUT, Rs 10 crore for Smart City, Rs 50 crore for urban roads, Rs 65 crore for urban water supply and Rs 120 crore development of the sewerage system of major urban areas.

R Balakrishnan, additional chief secretary (finance) said, "The state government will opt for open market borrowing to raise Rs 1000 crore before the end of this fiscal. The amount would be raised in two phases of Rs 500 crore each."

To finance its own schemes, the Supplementary Budget has provisions- Odisha Modernisation of Police Force (Rs 20 crore), Sustainable Management of Chilika Lake (Rs 8 crore), Management of Plantation & Forest (Rs 22 crore) and Odisha Mission on Food Processing (Rs 15 crore) to name a few.

The Budget has also proposed enhanced allocation of Rs 130 crore and Rs 425 crore for Biju KBK (Kalahandi-Bolangir-Koraput) and Gopabandhu Grameen Yojana respectively.

Among the departments- panchayati raj has got the highest allocation in the Budget at Rs 2026.98 crore followed by works (Rs 1355.42 crore) and revenue & disaster management (Rs 1161.80 crore).

 

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First Published: Dec 01 2015 | 5:54 PM IST

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