Bhubaneswar: Chief Minister Mohan Charan Majhi on 26 November presented a Supplementary Budget of Rs 12,156 crore for the 2024-25 Financial Year in the Odisha Legislative Assembly.
Shri Majhi, who also holds the Finance portfolio, said this Budget is aimed at fulfilling the requirement of funds for public welfare and developmental activities, mainly through reallocation of available resources and receipt of tied-up resources from various sources.
CM Shri Majhi said the funds proposed in the Supplementary Budget would meet the additional requirement of expenditure for completion of important ongoing projects and centrally sponsored schemes.
Some of the new initiatives to be covered in the Supplementary Allocation, which include Rs 125 crore for holding the Pravasi Bharatiya Divas in Bhubaneswar, and Rs 92 crore for the ‘Dharti Aaba Janjatiya Gram Utkarsh Abhiyan’ (DAJGUA).
It also has provision of Rs 142 crore for Constituency Wise Allocation under the Minimum Needs Programme, Rs 299 crore for deployment of central forces to tackle the Maoist menace and Rs 51 crore for installation of CCTV Surveillance System in police stations and outposts.
He also said that the allocations under Administrative Expenditure and Transfers to Local Bodies are to be financed against adjustment and surrender.
Allocation under Disaster Management Funds to be financed against the differential year-end balance available in the State Disaster Risk Management Fund (SDRMF).
The Supplementary provision of Rs. 10,155 crore under Programme Expenditure is to be financed by tied up resources to the extent of Rs. 3,236 crore and the differential amount would be met through additional revenue collection and savings.