The revenue generation in Odisha has reached an all-time high with a total collection of Rs 84,793 crore in 2017-18.
This was revealed at an all-Secretaries’ meeting held under the chairmanship of Chief Secretary AP Padhi at the State Secretariat here on Wednesday.
Finance Secretary Tuhin Kanta Pandey outlined the fiscal performances of the State for discussion. The total revenue collection, which stood at Rs 84,793 crore in 2017-18, is around 22.24 of the total GSDP and showing a trend of more compliance to tax norms, he said.
The revenue also grew by around 14 per cent in comparison to the preceding year 2016-17 when Rs 74,229 collected.
Hailing all departments for the achievement, the Chief Secretary directed all Secretaries to scale up budgeted utilization during May and June in the current financial year. Secretaries were also advised to keep watch over speedy implementation of the DMF projects in various districts.
Padhi directed the departments to ensure that at Aadhaar linking of least 90 of beneficiaries to different schemes achieved soon.
Pandey further stated that the capital outlay grew to 5.6 per cent of the GSDP with Rs 21,357 crore. Own tax revenue of the State marked a growth of 16.22 per cent over the preceding year with total collection of Rs 35,912 crore. The debt stock was at 17 per cent of the GSDP well within the prescribed limit of 25 per cent.The first month of 2018-19 has also witnessed 45 per cent increase in revenue collection from own tax sources over the corresponding period of last year. In April 2018, Rs 1,888 crore was collected against that of Rs 1,302 crore in April 2017. Similarly, the revenue collection from nontax sources has grown by 40 per cent with a total collection of Rs 608 crore against Rs 434 crore collected in April 2017.
The meeting also reviewed the performance of DMF funds. It was revealed that as of now a total number of 7,307 projects have been sanctioned under the DMF in mineral-bearing districts.
While Rs 2,883.52 crore allocated, 2,155 projects have been completed so far.