Bhubaneswar: Odisha is registering a robust growth in tax and non-tax revenue collections in 2017-18. In the first nine months of this fiscal the revenue generation has recorded 23.33% increase compared to the corresponding period the last fiscal.
This has been revealed by the state principal finance secretary, TK Pandey, in the review meeting chaired by chief secretary AP Padhi, here on Tuesday.
The total tax and non-tax collection has been around Rs 25,013 crore in the first three quarters of the fiscal against Rs 20,282 crore during the corresponding period of 2016-17. The own tax resources up to December was Rs 19,722 crore against the total collection of Rs 15,239 crore during the same period of 2016-17. The non-tax collection during the same period was Rs 5,291 crore against the collection of Rs 5,042 crore during 2016-17.
On the expenditure front, the state is also doing well with a 5.52% increase over the last year.
The total expenditure up to December 2017 was Rs 59,572 crore against the expenditure of Rs 56,456 crore up to December 2016 thereby showing an increase of around 5.52%.
The expenditure in social sector was Rs. 24,965 crore while the expenditure in agriculture and allied sectors has been around Rs 8,821 crore and around Rs 9,889 crore in infrastructure building.