Finance Minister Niranjan Pujari on Tuesday presented an Annual Budget of Rs 1.50 lakh crore for the 2020-21 fiscal. The outlay includes an Agriculture Budget of Rs 19,408 crore.
The Budget outlay is about 11 per cent more than that of 2019-20. Last year, the State’s Budget was Rs 1.35 lakh crore.
The total administrative expenditure is estimated at Rs 65,655 crore, Programme Expenditure at Rs 74,000 crore, Disaster response furnd at Rs 3,200 crore and Transfer from the State at Rs 7,145 crore.
Besides, Rs 6,500 crore will be invested from off-budget resources like OMBADC, DMF, State PSUs etc. to supplement the budgetary outlay, the Minister said.
The capital outlay in 2020-21 is Rs 26,513 crore, which is about 4.5 per cent of GSDP. Additionally, loans and advances, grants for creation of capital assets and other expenditure for capital formation together account for Rs 12,000 crore, which is 2 per cent of GSDP.
Total revenue receipts for the year 2020-21 include State’s Own tax for Rs 38,250 crore, Own Non-tax revenue of Rs 17,650 crore, State’s share in Central taxes for Rs 36,300 crore and grants from Centre for Rs 32,000 crore.
The State estimates to incur a loan of Rs 17, 878 crore during 2020-21.
The State’s loan burden was Rs 84,676 crore by December 31, 2019 and the total debt burden is estimated to be Rs 1,13,237 by 2020-21 fiscal end, said Finance Secretary Ashok Kumar Meena.
He said the State’s growth rate is expected to be 7% to 7.5% in FY20-21. Last fiscal the growth rate was at 6.16%.
The budget focuses on creation of world class infrastructure, transformative healthcare facilities and education services, robust eco-system for skills, sports, tourism, culture, industries and MSMEs.
Rs 3,195 crore has been earmarked for KALIA scheme. A whopping Rs 3,200 crore has been allocated for disaster management while an innovation tower is proposed to be constructed at Bhubaneswar at a cost of Rs 59 crore for growth of IT sector.
Similarly, Rs 301 crore has been allocated for sports and youth services that include Rs 140 crore for sports infrastructure and Rs 91 crore for sports education. The Budget proposes a new directorate Archaeology to take up preservation activities of heritage sites in a professional manner.
An amount of Rs 80 crore has been proposed for Bay Area Development in Shamuka Beach in Puri which will have world-class infrastructure. New scheme proposed under works Department for development of heritage sites including Samaleswari temple, Hirakud dam and other potential places and old monuments.
An amount of Rs 70 crore has been provided to IPICOL for successful organisation of Make in Odisha Conclave 2020 while Rs 284 crore has been proposed for creation of world class industrial infrastructure.
An outlay of Rs 33 crore has been made for establishment of 24 fast track courts and for 21 temporary fast track courts.
Minister Pujari also allocated Rs 400 crore as State share for the Khurda Road-Balangir, Jeypore-Malkangiri and Jeypore-Nabarangpur
rail line.