Bhubaneswar: Odisha has registered a growth of 33% in revenue collections and 10% in expenditure during the first four moths of the fiscal ending on July 31, 2018.
The state has achieved a budgetary expenditure of Rs 17, 983 crore during the four months, an increase of 10% over Rs 16,328 crore spend during the same period last fiscal. The spending in social sector has increased by 23% to Rs9,544 crore. In agriculture and allied sector the spending was Rs 3,993 crore and infrastructure sector Rs 3,244 crore.
The revenue collections was Rs 13,016 crore as against Rs 9,807 crore during the corresponding period in last fiscal. While own tax was Rs9,536.24 crore the non-tax was Rs 3,479.30 crore. The collections of mining royalty has increased by a whopping 72 % to Rs 3,039 crore during the period against Rs 1,769 crore in the same period last year.
The state has collected Rs 5,013 crore for District Mineral Development Foundation (DMF) Fund. Out of this Rs3,047 crore has already been allotted for 8163 projects.
The chief secretary, AP Padhi, Friday took a review meeting of the financial position of the state by the end of July this fiscal. Development commissioner R Balakrishnan, agriculture production commissiion Gagan Dhal, home additional chief secretary Asit Tripathy, MSME additional chief secretary LN Gupta and mines additional chief secretary RK Sharma were present in the review meeting.
