Odisha's revenue generation grows 23.33%

The revenue generation of Odisha by the end of December of the current financial year 2017-18 increased 23.33 per cent over the last fiscal, said an official on Tuesday.

Fiscal performances of the state showed an overall increase of around 23.33 per cent in revenue generation from both the own tax and non-tax resources by end of December in the current financial year in comparison to the corresponding period of last financial year, the official said.

The total revenue generation from both the tax and non-tax sources has been around Rs 25,013 crore by end of December against a total of Rs 20,282 crore during the corresponding period of 2016-17, the official said.

 

The revenue collection from own tax resources up to December was Rs 19,722 crore against the total collection of Rs 15,239 crore during the same period of 2016-17.

Similarly, the collection from non-tax sources during the same period was Rs 5,291 crore against the collection of Rs 5,042 crore during 2016-17.

This was known from the review taken by Chief Secretary Aditya Prasad Padhi in the all secretaries meeting held in secretariat conference hall on Tuesday.

Keeping in tune with the revenue generation, the total expenditure up to December 2017 was Rs 59,572 crore against the expenditure of Rs 56,456 crore up to December 2016 thereby showing an increase of around 5.52%.

The expenditure in social sector was Rs. 24,965 crore while the expenditure in agriculture and allied sectors has been around Rs 8,821 crore and around Rs 9,889 crore in infrastructure building.

Chief secretary Padhi advised the secretaries of respective departments to look into the convergence of budgetary and non-budgetary resources of their respective departments for more effective use of the resources.

The annual state Budget is expected to be presented in the third week of February after the presentation of Union Budget, said the official.

Padhi also directed the departments to furnish information for 15th Finance Commission by April 15 this year.

The information to the Finance Commission needs to be furnished on 43 topics covering various functional areas of government, 24 schedules and 7 topics relating to local bodies.

--IANS

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