Odisha Cabinet Approves Rs 2 Lakh Crore Budget For 2022-23 Financial Year

The Odisha Cabinet on Sunday approved the State Budget of about Rs 2 lakh crore for 2022-23 financial year. The Cabinet meeting held under the chairmanship of Chief Minister Naveen Patnaik gave its approval to the Budget.

As per reports, the vote-on-account will be presented in the State Assembly by Finance Minister Niranjan Pujari on March 30. The Budget will be approved on May 31 following a discussion. 

Later, the regular Budget will be presented in the next session of the State Assembly nearly after three months.

The Odisha government opted for a vote-on-account instead of the regular Budget in view of the model code of conduct imposed due to elections to civic bodies in the State. The vote-on-account would be for the first four months of the financial year 2022-23.

The Budget session of Odisha Assembly began on Friday, with Chief Minister Naveen Patnaik attending the proceedings physically for the first time in two years. 

The CM was attending different sessions virtually in the wake of the Covid-19 pandemic. The session started with the address of Governor Prof Ganeshi Lal.