India

Odisha presents Rs 2 lakh crore budget for FY 2022-23

Odisha’s Finance Minister Niranjan Pujari presented the State Budget with Rs 2-lakh crore total outlay for FY 2022-2023 in the Assembly on Saturday.

On March 30, 2022, Pujari had presented an Interim Budget, a full-fledged Budget could not be presented at that time in view of the ongoing panchayat and civic polls.

The Budget presented today had two main components—Agriculture budget and General budget. The Finance Minister first tabled the Agriculture budget and then presented the General budget in the House.

Niranjan Pujari termed the budget as a ‘welfare, growth, development and investment-oriented annual budget.’

This year’s budget outlay is 17.6% more in comparison to that of previous year 2021-22.

“The budget expenses will be met from the revenue sources of Rs 1,63,967 crore and Rs 3,633 crore from loan and other sources,” Pujari said in his budget speech.

The revenue sources include Rs 36,978 crore of the state’s share from the taxes imposed by the Centre, the state’s own tax revenue of Rs 46,000 crore and non-tax revenue of Rs 48,200 crore and the Central allocation of Rs 32,789 crore.

Odisha Budget 2022-23: Here are some key announcements

Pujari allocated Rs 325 crore for land acquisition, construction, renovation, expansion work at Rourkela, Jeypore, Utkela and Jharsuguda airports, and renovation of the Birashala airstrip.

Rs 2,664 crore in the budget has been allocated for the ‘Biju Swasthya Kalyan Yojana’ (Health Insurance) – Odisha government’s own Healthcare insurance scheme in comparison to the Centre’s ‘Ayushman Yojana’.

During his budget speech, Pujari said Rs 500 crore has been proposed towards the ‘State Support to MGNREGS’. He said Rs 2,001 crore has been proposed as the State’s share towards the MGNREGA scheme.

Mentioning that the World Food Programme (WFP) has announced plans to replicate Odisha’s food security programme as a world-class model, Pujari said he proposes an allocation of Rs 1,023 crore for the state’s food security-related activities.

The sports sector gets Rs 911 crore which includes Rs 719 crore for the development of sports infrastructure, Rs 115 crore for promoting sports education and Rs 11 crore for Odisha’s contribution to Khelo India.

The Finance Minister also announced an allocation of Rs 2,000 crore for Mission Shakti Department and Rs 700 crore under the MUKTA scheme.

Rs 547 crore has been allocated for development of railway projects.

Rs 302 crore has been assigned for Electronics and IT department.

Rs 3,210 crore for the Disaster Risk Management Fund.

Rs 7,551 crore for justice delivery, internal security, crime control, fire-related disaster management and control. It includes Rs 46 crore for the Emergency Response Support System (ERSS) and Dial-112.

Rs 1,269 crore has been earmarked for industrial promotion, development of MSME & Start-up promotion which is 29% more than the previous year’s allocation.

Finance Minister proposed to start the Jhanjabati project for irrigation in the Koraput district and said that 12,500 tube wells will be dug up with an estimated budget of Rs 400 crore.

Besides, Rs 312 crore has been allocated for the development of horticulture and Rs 112 crore for income support to farmers’ families.

Rs 1,874 has been allocated for the KALIA scheme, Rs 161 crore for agriculture research and education and Rs 968 crore for control of floods.

Rs 3581 crore allocated for Samagra Shiksha.

Rs 851 allocated for Mid-Day Meal Scheme.

Rs 100 crore allocated for high school transformation programme.

Odisha CM Naveen Patnaik said, “The state budget for the year 2022-23 presented today is a progressive, pro-poor and developmemnt-oriented Budget.”

“The Budget size has increased to Rs 2 lakh crore and the Programme Budget to Rs 1 lakh crore. The Capital spending will increase by more than 56%, which will foster growth. Separate Budget for Mission Shakti with allocation of Rs.2000 crore will further deepen our engagement with 70 lakh women of our State,” he added.

He further said that the initiative to create a “Budget Stabilization Fund” will help in mitigating any revenue shock in future.

“The budget is in line with our transformational agenda under “5T” and “Mo Sarkar”. I hope this Budget will meet the aspiration of the people of the State,” Patnaik said.

Meanwhile, Opposition BJP MLA Mukesh Mahalinga rated the Budget 5/10 the annual Budget presented by Odisha Government.


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