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Amat Presents Supp Budget

Bhubaneswar: Information, Public Relations, Forest, Environment & Climate Change and Panchayati Raj & Drinking Water Minister Pradip Kumar Amat has tabled the Supplementary Budget of Rs 16,800 crore for the year 2022-23 in the State Legislative Assembly on Thursday.

Mr.Amat presented the budget on behalf of Finance Minister Niranjan Pujari, who remained absent today.

Perhaps for the first time in the history of Odisha Legislative Assembly, a non-Finance Minister has tabled the Supplementary Budget in the House. Mr.Amat is an Ex-Finance Minister.

Out of the total supplementary provision, Rs 9,200 crore has been allocated towards programme expenditure, Rs 4,934 crore towards administrative expenditure, Rs 2,610 crore towards disaster management funds and Rs 55.54 crore for transfer to local bodies (Panchayati Raj Institutions and Urban Local Bodies), said Mr.Amat.

Keeping in view the needs & expectations of the people in a welfare State, the Supplementary Budget is aimed at fulfilling the requirement of funds for public welfare and developmental activities in the State mainly through reallocation of available resources and receipt of tied-up resources from various sources, he said.

The Supplementary provision of Rs.9,200 crore under programme expenditure is to be financed by tied up resources to the extent of Rs.2,066 crore and through additional revenue collection and savings to the extent of Rs.7,134 crore.

Out of Rs 4,934 crore administrative expenditure, Rs 3700 crore is provided towards transfer to the budget stabilization fund and Rs 173 crore is provided for maintenance of schools and primary health care centres by the Gram Panchayats.

Under the disaster risk mitigation, the State Government has allocated Rs.200 crore for assistance to the farmers affected with crop loss during Kharif season in 2021.

Out of the Rs 9,200 crore made under programme expenditure, the highest Rs 2,084 crore is allocated for education, sports and skill development sector while Rs 867 crore is allocated for public health care, Rs 782 crore given for urban development and Rs128 crore for promotion of Culture and Tourism.

Similarly, Rs 388 crore has been allocated for energy, IT, Commerce, Transport and R&D sectors taken together. The Government has also provided Rs 552 crore for rural housing, wage employment, provision of drinking water and rural infrastructure.

Further, Rs 172 crore is allocated for empowerment of women and child development, Rs 438 crore for ST & SC Development and Minority & Backward Class Welfare initiatives and Rs 306.65 crore has been allocated for irrigation facility, farmers’ welfare and food security.

With this supplementary budget, the State is likely to maintain revenue surplus, contain fiscal deficit within 3 per cent of GSDP and maintain the debt-GSDP ratio at the year-end within the mandated level of 25 per cent.

Till September, 2022, the debt to GSDP ratio was 12.6 percent and the interest payment to revenue receipt ratio was 2.8 per cent.

The capital outlay for the year 2022-23 will exceed 5.5 per cent of GSDP including the supplementary provision, officials said.

This will help in boosting the economic growth and at the same time enable the State to carry forward different developmental and welfare programmes, they said.

Notably, the Supplementary Budget outlay of the State in 2021-22 was Rs 19,833 crore.