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Odisha Reports Surge In Revenue Collection During May 2019


12 June 2019

OMMCOM NEWS


Bhubaneswar: Odisha's revenue augmentation showed an upward trend by end of May, 2019 marking a growth rate of around 19% over the corresponding period of last fiscal year. This was informed during a high level meeting presided by Chief Secretary Aditya Padhi here on Wednesday.

Reviewing fiscal performances of various departments, Padhi directed to expedite programme implementation at field level in the months of June and July. He also directed the departments to prepare the annual work plan on the basis of priority actions.

Development Commissioner Asit Tripathy advised the departments to focus on accomplishments of sustainable development goals (SDGs). He said that 306 SDG indicators pertaining to 18 departments have been listed at the national level. Department should pick these up and prepare plans accordingly.

Principal Secretary, Finance Ashok Meena apprised that the budget for 2019-20 will be presented in the Assembly on June 28. The departments should send their inputs and new initiatives to the Finance Department for incorporation in the draft proposal. He also advised various departments, autonomous bodies and PSUs to o direct online procurement through GeM portal. As of now 918 organisations have been registered in the portal.

Review showed, total revenue generation has increased to Rs 6505 crore till end of May, 2019 thereby marking a growth of 19% over corresponding period of the last year. The total revenue generation by end of May, 2018 was around Rs 5466 crore. The revenue from non-tax sources have grown by 43.21% with total collection of Rs 2247 crore while the revenue from own-tax sources has grown by 9.25% with total collection of Rs 4257 crore.

The revenue generation from Mining Royalty and industrial water rate has increased around 51.18% and 16.22% respectively The total collection from mining royalty has been around Rs 1966 crore against last year’s Rs 1320 crore.

The budget utilisation by end of May, 2019 was seen to be less than last year because of the election code of conduct. The total budget expenditure by end of May 2019 has been around Rs 8746 crore which is 19% less than last year. Padhi directed to cover up the backlog through speedy implementation of the programmes during the coming two months.