Revenue Growth On Rise

Generation of Revenue in Odisha by 31 December of the current financial year 2017-18 grew by 23.33 pc over the last fiscal year.  

Principal Secretary Finance Tuhin Kanta Pandey revealed the data at the All Secretaries meeting held in State Secretariat conference hall today chaired by Chief Secretary Aditya Prasad Padhi.
Fiscal performances of the State as presented by Mr.Pandey showed an overall increase of around 23.33 pc in revenue generation from both the own tax and non-tax resources  by end of December in current financial year (2017-18) in comparison to the corresponding period of last financial year.
The revenue collection from own tax resources up to December was Rs 19,722 crore against 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. 
The total revenue generation from both the tax and non-tax sources during 2017-18 was around Rs 25,013 crore by end of December, 2017 against a total of Rs 20,282 crore during the corresponding period of 2016-17. 
Keeping in tune with the revenue generation, the total expenditure up to December, 2017 was Rs 59,572 crore against expenditure of Rs 56,456 crore up to December, 2016 thereby showing an increase of around 5.52 pc. The expenditure in social sector was Rs  24,965 crore , the expenditure in agriculture and allied was around Rs 8,821 crore and the expenditure in infrastructure building was around Rs. 9889 crore. 
The programmes under social sector are principally administered through the departments of School & Mass Education, Scheduled Tribe & Schedule Caste Development, Health & Family Welfare, Labour & ESI, Panchayati Raj, Women & Child Development, Higher Education, Skill Development & Technical Education and Social Security and Empowerment of persons with Disability. 
Similarly, the budget utilization in infrastructure building is undertaken through the departments of Works, Housing & Urban Development, Rural Development and Energy. 
The expenditure in agriculture & allied sector is monitored through the departments like Agriculture & Farmers Empowerment, Water Resources, Fisheries & Animal Resource Development and Cooperation. 
The Chief Secretary advised the Secretaries of respective departments to look into convergence of budgetary and non-budgetary resources of their respective departments for more effective use of the resources. The Annual State Budget is expected be presented in third week of February after presentation of Union Budget. 
Mr.Padhi also directed the departments to furnish information for 15th Finance Commission by April 15, 2018. The information to the finance commission need to be furnished on 43 topics covering various functional areas of Government, 24 schedules and 7 topics relating to local bodies.   
Mr.Padhi directed all departments to expeditiously dispose of the departmental proceedings and conduct departmental promotion committees regularly.
The departments were also asked to have regular review of the suspension cases in the light of subsequent developments and reports in the matter.   

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