Odisha Budget 2020-21 : FM Pujari presents Rs.1.5 lakh Crore budget
Agriculture Outlay reduced to Rs. 19,408 Cr
Bhubaneswar : Odisha finance minister Niranjan Pujari on Tuesday presented annual state budget for the upcoming 2020-21 financial year. While the budget focuses on sectors like Agriculture, health infrastructure development, it has failed to provide any practical roadmap for revenue generation.
The budget a proposes an budgetary outlay of Rs.1.5 trillion, which includes outlay of Rs.65,655 crore for Administrative expenditure, Rs.74,000 crore for Programme expenditure,Rs.3,200 crore for Disaster Response and Rs.7,145 crore for transfer to local bodies and development authorities.
The state finance department has estimated revenue receipts for 2020-21 will be around Rs.1,24,300 crore. Total revenue receipts for the year 2020-21 include State’s Own tax for Rs.38,350 crore, Own Non-tax revenue of Rs.17,650 crore, State’s share in Central taxes for Rs.36,300 crore and grants from Centre for Rs.32,000 crore. The state will also collect additional Rs.25,700 crore through borrowing and other receipts. Meanwhile, the fiscal deficit is estimated to be 3 per cent of GSDP for the year 2020-21.
The budget has proposed an outlay of Rs.7700 Crore for the health sector and record 22,631 crore for the Education sector. However, the allocation for Agriculture sector has reduced to Rs. 19,408 Crore from Rs.20,714 Crore in 2019-20 budget.
The budget has proposed an outlay of Rs.7700 Crore for the health sector and record 22,631 crore for the Education sector. However, the allocation for Agriculture sector has reduced to Rs. 19,408 Crore from Rs.20,714 Crore in 2019-20 budget. The finance minister has proposed substantially higher outlay of Rs.3,250 crore for rural water supply and Rs.236 crore for urban water supply under BASUDHA scheme.
The budget has proposed Rs.3,962 crore for coverage of PMAY Gramin and Biju Pucca Ghar, Rs.518 crore for urban housing.
To ensure at least 100 days of guaranteed wage employment to the rural households, the budget proposes Rs.1,501 crore towards material component under Mahatma Gandhi National Rural Employment Guarantee Act.