Tax revenue grows by 7%
Non-tax up by 60% ,
Mining royalty 70% high
Bhubaneswar: States fiscal performance show an upward trend by end of Devember, 2018 in both its major components of revenue generation and utilization of budgeted funds.
The principal secretary finance, Ashok Kumar Meena, Tuesday said that the budget expenditure has recorded a growth of around 26% by end of December, 2018 with actual expenditure of Rs 39,820 crore. The total programe expenditure in social sector has grown by 56% over the corresponding period of 2017-18. The actual expenditure under this head crosses Rs 21,245 crore against the last year spending of Rs 13, 912 crore. The projects under this head are executed and monitored trhough the department of panchyati raj & drinking water, women & child development, school & mass education, higher education, SC & ST development , health & family welfare, skill development & technical education , social security & empowerment of persons with disabilities .
The total expenditure in infrastructure sector has reached Rs 8,513 crore marking a growth of around 3% over corresponding period of last fiscal. Similarly, the total expenditure in agriculture and allied sector has touched Rs 8201 crore. The total expenditure has grown by 4% in agriculture and farmers’ empowerment, 41% in fisheries and animal resources development, and 23% in the activities under cooperation department.
Keeping pace with the expenditure, the total revenue generation has also registered a growth of around 19% by end of December 2018. The total revenue generation by December end in last fiscal year (2017-18) was around Rs. 25,023 crore against which current year collection up to same period has been Rs 29,665 crore .
The revenue from the non-tax sources have grown by 60% with a total collection of Rs8,556 crore while the revenue from own tax sources has registered a growth of 7% with total collection of Rs 21,109 crore. The revenue generation from mining royalty and industrial water rate has increased around 70% and 14% respectively. The total collections from mining royalty has been around Rs 7,185 crore against last years’ collection of Rs 4,217 crore up to December end. Similarly, the revenue collection from industrial water has grown up to Rs 454 crore against last year’s collection of Rs 406 crore during the same period . The revenue collection from duties and & electricity has also growth by 73% with a total collection of Rs2,309 crore.
The chief secretary, AP Padhi, reviewed the fiscal performance of the various departments up to December 2018 in the presence of principal secretary finance and other secretaries in the state secretariat, here on Tuesday. Padhi directed the departments to avoid parking of money in any accounts and draw only the actual expenditure from the budget allocation. Padhi also directed the departments to focus on resources mobilization and regularly update their programme wise performance on the web portal. The departments were further asked to expedite disposal of the old litigations pending in several courts through a special drive.
The review meeting was attended by development commissioner Asit Kumar Tripathy, additional chief secretary forest & Environment Suresh Chandra Mohapatra , and additional chief secretary steel & mines Raj Kumar.