Odisha’s Plan Expenditure Records 35% Growth

BHUBANESWAR: The total state plan expenditure of Odisha during 2015-16 fiscal year has been around Rs 40498.71 crore recording a growth of around 35% over last year.

The total expenditure in agriculture and allied sector has been Rs. 8498.27 crore which is 20.12% more than that of 2014-15. Similarly, the infrastructure sector spending has been to the tune of Rs.12122.03 crore which is 17% more than that of the previous year. This sector has achieved 93.36% utilisation of the budget outlay, said finance department special secretary Vishal Dev.

This was discussed in all secretaries meeting held under the chairmanship of chief secretary Aditya Prasad Padhi here.

The investment in the social sector has been Rs.16937.25 crore which is 13.83% more than 2014-15.

Keeping in tune with higher expenditure, the revenue generation has also been enhanced to the tune of Rs.30566.73 crore which is around 10% more than that of the last fiscal, he added.

The revenue collection from own tax sources has been Rs.22418.29 Cr.  The collection from non-tax sources has been Rs.30566.73 Cr.

In spite of the slowdown in the global market, the royalty from mining has Rs.5716.80 Cr, which is around 8% more than the previous year.

The departments were advised to conduct online reconciliation of expenditure with the Accountant General through iFMS. The reconciliation up to February 2016 needs to be completed by 30th April 2016 and the reconciliation up to March 16  be completed by May 27 this year.

The departments have been warned that failure to reconcile the expenditure within the scheduled time would lead to non-processing of their bills in iFMS.