Odisha’s Revenue Collection Up By 7% Till August
Bhubaneswar: Odisha has registered a 7 per cent increase in revenue collection up to August during the 2019-20 financial year as against the same period of last fiscal year, informed Finance secretary Ashok Meena after an all secretaries meeting was held on Tuesday under the chairmanship of chief secretary Asit Tripathy.
The total revenue collection increased to around Rs 12,315 crore against the last year collection of Rs 11,758 crore. The non-tax revenue increased by 12 per cent over previous year and the augmentation of revenue from own tax sources increased by 5 per cent, said Meena.
Review of the programme expenditure showed that because of the model code of conduct for general elections during initial 2-3 months of the current financial year, the total programme expenditure up to August declined by 4 per cent in comparison to the same period of last fiscal year.
The programme expenditure till August 2018 was around 32 per cent of the budget provision against which the expenditure till August this year was 28 per cent of the budgeted allocation.
The chief secretary has directed to expedite implementation of the projects and utilization of the budgeted amount in coming months. The departments have been asked to implement the reforms in the field of budget preparation, strengthening macro-fiscal forecasting, annual and medium term budgeting and introducing commitment control system for uninterrupted financing to various projects and programmes.
Apart from this, the progress of the projects under District Mineral Fund (DMF) was reviewed in the meeting.
Development Commissioner Suresh Chandra Mohapatra apprised that total collection under DMF up to August this year was Rs 8,252 crore against which Rs 8,067 crore has been allocated for 12,664 projects.
Around 71 per cent of the funds was allocated to 9,241 projects under priority activities of DMF like drinking water, education, environmental preservation, pollution control, health care, sanitation, skill development, welfare of women and Children, housing, livelihood creation programmes, and connectivity.