X
2 gold bars seized from a passenger at Bhubaneswar airport

Odisha Finance Minister Presents Rs 1.326 Lakh Cr Budget, Rs 56,921 Cr Vote-On-Account Grant For 2019-20


07 February 2019

Debashish Maharana


Your browser doesn't support HTML5 video.

Your browser doesn't support HTML5 video.

Bhubaneswar: Odisha Finance Minister Shashi Bhusan Behera today presented Rs 1.326 lakh crore Budget in the Assembly for the fiscal 2019-20 and Rs 56,921 crore Vote-on-Account grant for the first four months of the financial year.

As per the highlights of Budget Estimates (VoA) for 2019-20, the Finance Minister presented a welfare, growth, development and investment oriented Budget (Vote-on-Account) for 2019-20 in the Odisha Legislative Assembly with an outlay of Rs 1,32,660 crore, which is about 10.4% more than the Annual Budget-2018-19.

Presenting the Budget in the Assembly, Odisha Finance Minister Shashi Bhusan Behera stated, “The term of the 15th Assembly will expire within a few months and general elections will be held. The Model Code of Conduct for general elections will come into force after announcement by the Election Commission of India. Customarily, the new Government has the prerogative to formulate new programmes and schemes. Accordingly, instead of presenting a full-fledged budget we proposed to seek a Vote-on-Account to enable the Government to incur expenditure for the first four months of the financial year 2019-20 o existing establishment and on-going schemes and projects.”

“To defray the expenditure on existing establishments and continuing schemes and projects from April to July, 2019, 100% of BE for calamity and election related expenses and 405 of BE for all other schemes may be taken in Vote-on-Account which is estimated at Rs 56,921 crore,” the Finance Minister stated.

Also the other qualitative aspects of the Budget are:

1: Allocation of Rs 6,708 crore for Health sector

2: Investment of about Rs 2,935 crore for Piped Water Supply Projects

3: Allocation of Rs 22,044 crore for development of SCs and STs for identified schemes in the programme budget

4: Outlay for development expenditure is more than 75% of total budget

5: Tax GSDP Ratio for 2019-20 (BE) would be 6.1%

6: Revenue surplus projected at 1.6% of GSDP

7: Fiscal Deficit kept within the prescribed limit of 3% of GSDP.

In his media reactions, Odisha Chief Minister Naveen Patnaik said, “It’s a pro-farmer, pro-poor, pro-women, pro-ST/SC, pro-youth, development-oriented budget.”

He stated, “Actually, it is a Vote-on-Account for four months. I’m happy that adequate provision is made for KALIA and KALIA scholarship. Our universal health scheme Biju Swasthya Kalyan Yojana, our women related initiative like MAMATA and Mission Shakti, scholarship for SC/ST students, our popular rural development programme Ama Gaon Ama Bikash, our social security programme like Madhu Babu Pension Yojana, housing and drinking water, electricity for all, special focus on Make in Odisha for employment generation and revenue generation.”

“The Budget will help us to continue with our good work. We believe in actual work not in promises. Our work does the talking,” the Odisha Chief Minister averred.

Also Read: Odisha CM Visits Gajapati, Inaugurates & Lays Foundation For Projects Worth Rs 81 Cr

Your browser doesn't support HTML5 video.

Naveen Patnaik, Chief Minister, Odisha

Your browser doesn't support HTML5 video.

Sashi Bhusan Behera, Finance Minister, Odisha