Odisha Budget 2016-17 Pegs Rs 94052.65 Cr


BHUBANESWAR: Finance Minister Pradeep Amat on Friday presented the annual budget for 2016-17 with a total outlay of Rs 94,052.65 Cr.

The total non-plan expenditure is estimated at Rs 48,096.49 Cr while the annual plan for the financial year will be Rs 50,000 Cr.

The plan outlay includes Rs 45,600 Cr for the government sector and Rs 4400 crore for the public sector undertakings. The outlay of Central plan will be 311.33 Cr. Centrally sponsored plan will have an outlay of Rs 44.83 Cr.

The budget enhanced grants for capital outlay to Rs 16,749 crore, which is 4.37 percent of the gross state domestic product (GSDP).

The budget expenditure will be financed through estimated revenue receipts of Rs 78, 126.72 crores, recovery of loans of Rs 185.15 crore and borrowing and other receipts of Rs 15740.78 crore.

Total revenue receipts for the year 2016-17 include state’s share in central taxes for Rs 26, 567.56 crores, state’s own tax for Rs 23200 crore, own non-tax revenue of Rs 9822.93 crore and grants from the Centre for Rs 18,536.23 crore.

Highlights

  • Outlay for social sector is proposed at Rs 33,823.1 Cr, an increase of 16.10 percent over previous year
  • Biju Kanya Ratna scheme has been proposed in Dhenkanal, Angul and Ganjam with a provision of Rs 2 Cr
  • Shelters for Habisiali at Puri to be constructed
  • Rs 333.33 Cr proposed under smart city mission, for development of Bhubaneswar, as smart city of the country
  • It proposes to make a provision of Rs.15 crore for viability gap funding to attract private investment in health sector for providing affordable health care facility in rural and remote areas
  • Rs.765 crore is proposed to be provided for creation of infrastructure for health care institutions across the state
  • An outlay of Rs.13396.35 crore has been proposed for School and Mass Education Department and Higher Education Department for 2016-17, which constitutes about 13.61 percent of the total outlay
  • Ahead of panchayat elections, the provision for the Panchayati Raj Department has been enhanced from Rs.7057.10 crore in 2015-16 to Rs.8458.95 crore in 2016-17 which is 19.86 per cent higher
  • A sum of Rs.150 crore will be provided for the new scheme “Biju Expressway” to improve connectivity in Western Odisha and KBK districts which will also act as an economic corridor between Jagdalpur and Rourkela
  • A new scheme with an outlay of Rs.70 crore is provided under the Odisha Craft Skill Development and Rural Employment “Utkarsh” Project