Odisha: State Revenue Generation reaches all time high

Bhubaneswar: May 16: Beating the economic slowdown in international scenario, the total revenue generation in Odisha has reached all time high by the end of the fiscal year 2017-18. This was   known from all Secretaries meeting held under the Chairmanship of Chief Secretary Sri Aditya Prasad Padhi in secretariat conference hall today in which Principal Secretary Sri Tuhin Kanta Pandey outlined the fiscal performances of the State for discussion. The total revenue collection during 2017-18 has been to the tune of Rs. 84,793 cr which is around 22.24% of the total GSDP thereby showing a trend of more compliance to tax norms. Besides, revenue collection in 2017-18 also grew by around 14% in comparison to 2016-17. The total collection in the fiscal year 2016-17 was around Rs.74,229 cr which grew up to Rs.84,793 cr in the fiscal 2017-18.

While congratulating more revenue generating departments, Chief Secretary Sri Padhi directed all Secretaries to scale up budgeted utilization during May and June in the current financial year. Secretaries were also advised to keep watch over speedy implementation of the DMF projects in various districts. Chief Secretary Sri Padhi further directed the departments to ensure at least 90% of the adhara seeding of all beneficiaries in different schemes. Secretaries were also asked to look into the engagement of their departments with citizens through social media like face book and twitter and respond to the queries, grievances and feed backs  posted by the people.

Principal Secretary Sri Pandey appraised that fiscal  indicators of the State saw healthy trends during the year 2017-18. The capital outlay grew to 5.6% of GSDP which was all time high with total amount of Rs 21,357 cr. Own tax revenue of the State  marked a growth of 16.22% over the last year with total collection of Rs 35,912 cr. The debt stock was at 17% of GSDP well within the prescribed limit of 25%.

The beginning month of the current fiscal year 2018-19 has also shown a positive indication. The total revenue collection from own tax sources has grown around 45% over same period of last fiscal year. The total collection by April, 2018 has been Rs. 1888 cr against that of Rs.1302 cr by April, 2017. Similarly, the  revenue collection from non-tax sources by April, 2018  have grown around 40% with a total collection of Rs.608 cr against  total collection of Rs.434 cr by April, 2017. Utilization of budgeted allocation by end of April, 2018 in infrastructure sector has reached Rs.502 cr showing a growth of 2% over the same period of last fiscal year. Similarly, the expenditure in social sector has gone up by more than 100% over the corresponding period of the previous year. The total expenditure in social sector by end of April, 2018 has been around Rs.548 cr against that of Rs.262 cr of the last fiscal year.

The meeting also reviewed the performance of DMF funds. It was seen that as of now a total number of 7307 projects have been sanctioned under DMF in the districts like Angul, Jajpur, Jharsuguda, Keonjhar, Sundargarh, Koraput, Mayurbhanj and Rayagada. An amount of Rs.2883.52 cr has been allocated against these projects. Out of this 2155 number of projects have been completed and the balance projects are in different stages of implementation. Chief Secretary Sri Padhi directed the Secretaries of concerned departments to closely monitor the progress of the project under DMF.

Agricultural Production Commissioner Sri Gagan Kumar Dhal,  Additional Chief Secretary Forest & Environment Sri Suresh Chandra Mohapatra, Additional Chief Secretary Home Sri Asit Kumar Tripathy, Additional Chief Secretary Micro Small & Medium Enterprises Dr Laxmi Narayan Gupta   along with Principal Secretaries , Secretaries and Special Secretaries of all departments participated in discussions.