Home Finance Revenue Generation Growth@112%

Revenue Generation Growth@112%

Bhubaneswar: Beating all adversities of the shutdown and lockdowns caused by Covid-19, the revenue generation from State’ own sources by end of June, 2021 grew to Rs.17,656.70 Crore against the last year collection of Rs 8,307.54 Crore during the same period; thereby marking a growth of 112.54 per cent.

Principal Secretary Finance Ashok Kumar Meena while presenting Financial Report till June 2021 in All Secretaries Meet said the ease of tax payment through online modes and e-Receipts has also been helpful to a significant extent while ensuring transparency in revenue matters.

Chief Secretary Suresh Chandra Mahapatra chaired the meet held virtually here.

Mr.Meena appraised that beating all adversities of the shutdown and lockdowns caused by Covid-19, the revenue generation from State’s  own sources by end of June, 2021 grew to Rs.17,656.70 crore against the last year collection of Rs 8,307.54 crore during the same period; thereby marking a growth of 112.54 percent.

The revenue generation from own-tax sources grew by 74.66% and the total revenue collection from own-tax sources up to June, 2020 was around Rs.4601 crore, which grew up to Rs.8036 crore by June,2021. Similarly, the non-tax revenue up to June, 2020 was around Rs 8307.54 crore, which grew to 9621.16 cr by June, 2021 thereby recording a growth of 159.55% over the previous year.

This non-tax revenue growth was assigned to robust system of revenue collection developed in Steel and Mines department.

Further,  Mr.Meena said that keeping pace with the revenue generation, there was also significant growth in budget utilization during the month of June. Total expenditure till end of June, 2021 was Rs.25,194 crore, which was 24.29% more than the last year.

The total expenditure up to June, 2020 was of Rs.20,269 crore. The total programme expenditure till June,2021 was Rs.13,107 crore, which was 55.62% more than the programme expenditure during the same period of last fiscal.

Reviewing department wise fiscal performances, the Chief Secretary directed the departments to speed up capital expenditure under different programs for keeping up the higher growth rate.

He emphasized on working out of high impact new capital intensive projects for funding in medium term and also directed Principal Secretaries and Secretaries of different departments to closely monitor the progress of the projects under district mineral fund (DMF) and Odisha Mineral bearing areas development corporation ( OMBADC) along with the livelihood enhancement projects and schemes during the current year.

Further, the Chief Secretary directed the departments to focus on preparation of the digital assets register for management and maintenance of the Government assets created under different departments.

He added that the register would also be available in public domain for citizens.

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