A book titled “80 years of Odisha Budget – A Commemorative Volume”, published by the Finance Department, was released by Chief Minister Naveen Patnaik here on Sunday.
The book, of which ACS and Development Commissioner R Balkrishnan is Editor in Chief, would be available at Jayadev Bhawan here from June 12 onwards.
The book has a total of five chapters. While the Chapter-1 speaks about socio-historic course of the formation of the separate province of Odisha, the Chapter-2 gives a narrative of evolution of Budget system, Budgetary process, control mechanism, fiscal devolution and fiscal sustainability. The Chapter-3 provides a snapshot of the 80 years of Budget in Odisha. The Chapter-4 makes an empirical analysis of State Finance and financial position during 80 years period and the Cahpter-5 visualises the way forward.
Further details on the book are available at Odisha.budget@gov.in.
It mentions that the movement for the unification of Odia-speaking tracts was spearheaded by the Utkal Sammilani, which held its first conference in 1903, under the inspiring leadership of Madhusudan Das.
Odisha was the 1st State to be formed along linguistic basis and it had six districts with its capital in Cuttack.
Under the Niemeyer Awards, the newly created province of Odisha received Rs 50 lakh in compensation. In addition to that, Odisha was also assigned a non-recurring grant amounting to Rs 19 lakh.
While the State had a Budget of Rs about Rs 1.77 crore in 1936-37, it has now reached the figure of Rs 1,20,028 crore for 2018-19.