Revenue generation in Odisha reaches all-time high

Bhubaneswar: The total revenue generation in Odisha has reached an all-time high by the end of the fiscal year 2017-18, said an official on Wednesday.

This was known from all Secretaries meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi here.

The total revenue collection during 2017-18 has been to the tune of Rs. 84,793 crore 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 crore which grew up to Rs.84, 793 cr in fiscal 2017-18.

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 the speedy implementation of the DMF projects in various districts.

Padhi further directed the departments to ensure at least 90% of the Aadhar 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 Facebook and Twitter and respond to the queries, grievances and feedbacks posted by the people.

Finance secretary TK 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 the total amount of Rs 21,357 crore. Own tax revenue of the state marked a growth of 16.22% over the last year with the total collection of Rs 35,912 crore.

The debt stock was at 17% of GSDP well within the prescribed limit of 25%, said Pandey.

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 crore against that of Rs.1302 crore by April 2017.

Similarly, the revenue collection from non-tax sources by April 2018 has grown around 40% with a total collection of Rs.608 crore against a total collection of Rs.434 crore by April 2017.

Utilization of budgeted allocation by end of April 2018 in infrastructure sector has reached Rs.502 crore 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 the social sector by end of April 2018 has been around Rs.548 crore against that of Rs.262 crore 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 crore has been allocated to these projects. Out of this, 2155 number of projects have been completed and the balance projects are in different stages of implementation.

The Chief Secretary directed the Secretaries of concerned departments to closely monitor the progress of the project under DMF.