AP Bureau.
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Bhubaneswar, 7th Dec 2015 : Odisha has achieved more than 23% growth in own tax revenue collection by November, 2015 in comparison to the corresponding period during 2014. Similarly, the State Plan expenditure has also grown by 26% during this time in comparison to the last fiscal.
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The State’s own tax revenue up to November,2015 is satisfactory, keeping in view higher collection from stamp duty & registration fees, renewal of mining leases, land revenue, electricity duty and State excise, Development Commissioner and Additional Chief Secretary Finance Sri R. Balakrishnan said during a discussion here on Monday.
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The total collection from own tax sources by November, 2015 has been 13, 483.79 cr against a collection of Rs.10, 932.92 cr in 2014 thereby recording a growth of 23.25%. Similarly, the total collection from non-tax sources has been Rs.4371 cr by November, 2015 with a growth of around 10% over the corresponding period of last year.
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Total State plan expenditure by November, 2015 has been Rs.20001.32 cr which is around 26% more than the expenditure made by November,2014. The utilization of budget in infrastructure sector has been to the tune of Rs.5163 cr. up to November, 2015 which is around 52% of the budget estimate. The utilization in social sectors like Education, Health, ST & SC development, Labor welfare, Panchayati Raj, Women & Child Welfare, Employment Training & Technical Education has been around 9616 cr which is around 55% of the budget estimate. The expenditure in infrastructure and social sector has exceeded 8% and 7% respectively over the corresponding period of last financial year. Similarly, expenditure in agriculture and allied sectors has been to the tune of Rs.3859 cr showing a growth of 2.35% over the last year.
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Emphasis has been laid on collection of arrear revenue and completion of incomplete projects. The departments have also been asked to submit plan and non-plan budget requirement for 2016-17 by 15th December to Planning & Coordination department.
