Odisha to hold discussions on 2018 annual state budget tomorrow
Bhubaneswar: The Finance department of Odisha will hold discussions with economists, former finance ministers, industrialists and investors ahead of the 2017-18 annual budget tomorrow.
According to sources, the 2018 budget size is likely to be around Rs 1 lakh crore. With the State government implementing the recommendations of the 7th Pay Commission, the exchequer will bear an additional burden of Rs 5,000 crore.
More emphasis is likely to be given on social sector, rural infrastructure, irrigation, education and health sectors.
“One should expect that the Odisha government will allocate more funds towards infrastructure in areas like irrigation, roads, housing, and other rural infrastructure. The budget size is likely to reach Rs 1 lakh crore,” said senior journalist, Dilip Bisoi.
Experts opine that it will be a challenge for the Odisha government to present the budget after the demonetization move.
Under the initiative of inviting suggestions from the public for preparation of the annual budget for the 2017-18 fiscal, the state government has received 794 suggestions online, 691 through Whatsapp, and 9 through Telegram.