Finance Minister Niranjan Pujari on Friday presented the State’s Annual Budget of Rs 1, 39,000 crore for the year 2019-20 with an increase of 15.8 per cent over the Budget of 2018-19.
“The Budget comprises Administrative Expenditure of Rs 57,310 crore, Programme Expenditure of Rs 70,600 crore, Disaster Fund of Rs 4,600 crore and Transfers from the State of Rs 6,490 crore,” said the Minister.
While total allocation for agriculture sector (for which a special Agriculture Budget was presented) has been estimated at Rs 20,714 crore, the education and skill sector got Rs 19,492 crore and health sector Rs 6,779 crore.
A total of Rs 23,760 has been allocated for the development of SCs and STs.
“Outlay for development expenditure is more than 75 per cent of the total Budget
and the Tax-GSDP Ratio for 2019-20 will be 6.1 per cent. Revenue surplus is projected at 1.21 per cent of the GSDP and fiscal deficit kept within the prescribed limit of 3.49% of the GSDP,” said the Minister
The Budget outlay has been proposed to be financed mainly through revenue receipts of Rs 1,15,266 crore and borrowing and other receipts of Rs 23,734 crore.
The State would incur a net borrowing of Rs 18, 577 crore this year and the total loan burden is expected to rise from present Rs 87,649.86 crore to Rs 1,06,000 crore by the year-end, informed Finance Secretary Ashok Kumar Meena.
Among key allocations, while Rs 5,611 crore has been allocated for the KALIA scheme, Rs 260 crore has been set as a Corpus Fund for procurement and distribution of quality seets and fertilizers to farmers.
Out of total Rs 9,713 crore earmarked for irrigation sector, Rs 1,777 crore is meant for the Parbati Giri Mega Lift Irrigation Scheme.
A whopping amount of Rs 1,028 crore has been earmarked for distribution of Rs 1-a-kg rice under the State Food Security scheme.
Out of Rs 4,427 crore allocated for social security measures, Rs 2,120 has been provided under the Madhubabu Pension Yojana and Rs 838 crore for the National Social Assistance Programme (NSAP).
A whopping amount o Rs 1,203 crore has been
earmarked for the Biju Swasthya Kalayan Yojana (KSKY) out of the health sector’s total allocation of Rs 6,783 crore.
A total of Rs 2,442 crore has been allocated for empowerment of women out of which Rs 1,036 crore is meant for Supplementary Nutrition Programme and Rs 301q crore for Mukhyamantri Mahila Sashaktikarana Yojana.
Out of 23,760 crore allocated under the Tribal Sub-Component and SC Sub-Component, Rs 959 crore has been set for pre-matric and post-matric scholarship.
Similarly, Rs 20,824 crore has been allocated for the Rural Development, which includes Rs 400 crore for Ama Gaon Ama Bikash and Rs 540 crore for the Gopabandhu Grameen Yojana.
A total of Rs 5,579 crore has been earmarked for urban development sector which includes Rs 370 crore for UNNATI, Rs 400 crore for housing, Rs 400 crore for Smart City Mission ffor development of Bhubaneswar and Rourkela and Rs 100 crore for Jaga Mission.
While Rs 17,809 crore has been allocated for the infrastructure sector, Rs 4,600 crore has been earmarked for disaster management, which includes Rs 909 crore under the SDRF and Rs 3,691 crore under the NDRF.
While Central Taxes is estimated to fund the Budget 23.75 per cent, State’s own tax and nontax will contribute 28.21 per cent and 8.99 per cent, respectively. Capital receipts and Grants from Centre are likely to fund the Budget at 17.07 per cent and 21.99 per cent, respectively.
While 50.8 per cent of the Budget would be used towards Programme Expenditure, 41.2 per cent will be used towards Administrative Expenditure, Transfers from State 3.3 pr cent and 4.7 per cent towards disaster response fund.