Bhubaneswar: Odisha Finance Minister Pradip Amat on Friday presented the annual Budget of Rs 94,052.65 crore for 2016-17 fiscal in the State Assembly.
Amat targeted revenue earnings of Rs 78,126.72 crore in the State Budget. While Rs 185.15 crore will be collected from advance loan recovery, Rs 15,470.78 crore come into the State exchequer from loans from different sources.
In the 2016-17 fiscal, Amat has proposed spending of Rs 50,000 crore under annual plan outlay. Of this amount, Rs 45,600 crore will be allocated to the government sector whereas Rs 4400 crore will be given to government enterprises, the Finance Minister added.
Rs 18,800 crore has been eramarked for payment of salaries to the government employees whereas Rs 9500 crore has been allocated to pensioners in the Budget.
Rs 4650 crore will be received by the State exchequer from interest payment.
An outlay of Rs 311.33 crore was proposed for the Central schemes in the State. Similarly, Rs 44.83 crore will be allocated to Centrally-sponsored schemes in the State, he added.
Of the total outlay of Rs 98,416.93 crore, an allocation of Rs 33,823.10 crore has been earmarked for social sector, an increase of 16.10% in comparison to the last fiscal.
School and Mass Education and Higher Education departments have been allocated Rs 13, 396.35 crore, a significant 13.61% of total outlay.
Amat announced the launch of Biju Kanya Ratna Yojana in Dhenkanal, Angul and Ganjam districts initially. Rs 2 crore was allocated for the yojana.
Besides, Rs 4 crore was proposed for the development of transgenders. Rs 1 crore will be given to Odisha Bhasa Pratishan to prepare two versions of Odia Bhasa Kosha. Rs 20 crore will be spent on an elephant corridor in the State.
As Bhubaneswar has topped in the smart city list across the country, the budget proposed Rs. 333.33 crore under smart city mission for its development.
Congratulating the Finance Minister Pradip Amat, Chief Minister Naveen Patnaik told media persons, “This is a farmer-centric budget. The focus on agriculture and allied sectors is visible as the outlay has increased by 20.89%.”
He dubbed the budget as ‘People’s Budget’ and said, “The suggestions given by the people and stakeholders have been factored in the process of budget making.”
Besides, the chief minister welcomed the concept of ‘Jagannath Enclave’ and scheme to provide shelter for habisyalis and creation of Odia Virtual Academy.