Finance On Upward Move

States fiscal performance showed an upward trend by end of the first quarter of the current financial year in both its indicators of  Budget Utilization and Revenue Generation.

In the All Secretaries Meeting ACS Finance Tuhin Kanta Pandey revealed the factual position while briefing about fiscal scenario in the state.

While chairing the meeting, Chief Secretary Aditya Prasad Padhi directed the departments to focus on formulation, sanction and implementation of more need-based projects under District Monetary Fund (DMF) along with the budgeted projects.

Development Commissioner R Balakrishnan suggested the departments to manage and monitor the DMF projects like that of the budgeted projects. 

Agricultural Production Commissioner Gagan Kumar Dhal, Additional Chief Secretary Home Asit Tripathy, Additional Chief Secretary Forest & Environment Suresh Chandra Mohapatra, Additional Chief Secretary Micro Small & Medium Enterprises  Laxmi Narayan Gupta   along with Principal Secretaries, Secretaries and Special Secretaries of all departments participated in the discussions.
The review showed that budget utilization on different plans, programmes and schemes up to June 2018 has been  Rs.13591 cr thereby showing the growth of around 19 per cent over last year’s utilization during the corresponding period.

The Social sector spending by end of June of current year, with actual spending of Rs.6670.53cr has grown by 65 per cent over the corresponding period of 2017-18, said officials. 

The projects under this head are executed and monitored through the departments of School & Mass Education, ST & SC Development, Health & Family Welfare, Panchayati Raj & Drinking Water, Women & Child Development and Mission Shakti, Higher Education, Skill Development and technical Education, Social Security and Empowerment of Persons with Disability, they said.

Similarly, the expenditure under agriculture & allied sector has reached Rs.3516 crore and the expenditure in infrastructure sector has touched Rs.2840 crore, it has been revealed at the meeting.

Keeping pace with the expenditure, the total revenue generation has also grown around 29 per cent with a total collection of Rs.8928 crore by end of June 2018-19.

The revenue generation by June in 2017-18 fiscal was around Rs.6936 crore. The revenue from own tax sources during current fiscal has grown by 22.25 per cent with total collection of Rs.6445.52 crore while the revenue from non-tax sources have grown by 49.16 per cent with a total collection of Rs.2482.34 crore.

Target was set to make online pension paper submission and sanction mandatory from August 2018.
At present, both the online and offline systems are in operation. As of now 662 pensioners have submitted applications online. From August pension papers will be submitted only through online, said sources.

The applications will be processed online by the respective Head of The Departments and Pensions Sanctioning Authorities, they said adding, it will be integrated with Accountant General office along with e-service book generated from HRMS from Januray 2019.

Additional Chief Secretary Finance Mr.Pandey informed that in the meanwhile the module for online submission of utilization certificates ( UCs)  under various schemes and grant of State Government has been developed and will be rolled out from November this year.

Sources said, the Chief Secretary directed to properly train the concerned officers and stakeholders about the new system before rolling out.

Similarly, online sanction order through Integrated Financial Management System (IFMS) will also be made mandatory from August 1 this year.

The pilot of this online sanction system has been successful. Till now 17,742 sanction orders have been issued through online IFMS.

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