Bhubaneswsr : Mohan Charan Majhi, the Odisha chief minister who also holds the portfolio of finance, Tuesday presented the Supplementary Budget, 2024-25 of Rs 12,156 crore in the State Assembly.

The Supplementary Statement of Expenditure for 2024-25 proposes Rs 10,115 crore as programme expenditure and Rs 1685 crore administrstive expenditure. The State has made a provision of Rs 120 crore towards Disaster Response Funds and Rs 196crore towards Transfers from State 196 196
Stating that the need for Supplementary Budget arised
to fulfilling the requirement of funds for public
welfare and developmental activities in the State mainly through reallocation of available resources and receipt of tied-up resources from various sources, the CM told the House that the Supplementary provision of Rs. 10,155 crore under Programme Expenditure is to be
financed by tied up resources to the extent of Rs. 3,236 crore and the differential
amount would be met through additional revenue collection and savings.

What’s New in the Supplementary Budget, 2024-25:
➢ Rs.125 crore for organisation of Pravasi Bharatiya Divas in Bhubaneswar.
➢ Rs.92 crore for Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA).
➢ Rs.142 crore for Constituency Wise Allocation under Minimum Needs
Programme.
➢ Rs.299 crore for Deployment of CAPF in the State.
➢ Rs.51 crore for Installation of CCTV Surveillance System in police stations
and outposts.
➢ Rs.130 crore for Establishment of Centre of Excellence in 22 it is in
collaboration with Tata Technologies Ltd.
➢ Rs.26 crore for facility development of Srimandira Parikrama.
➢ Rs.5 crore for Ratnabhandara of Lord Sri Jagannath Temple.
➢ Rs.60 crore for modernisation and extension of Fire Services.

FRBM Compliance and Supplementary Budget, 2024-25:
The Supplementary Statement of Expenditure, 2024-25 is FRBM compliant as the provision is made against resource back up in the form of either adjustment against savings/ surrender or additional revenue. With this Supplementary Budget, it is projected to maintain revenue surplus, contain fiscal deficit at around 3% of GSDP and maintain the debt-GSDP ratio at the year-end within the mandated level of 25%. Till October,2024 the debt to GSDP ratio is 10.12% and the Interest Payment to Revenue Receipt ratio 1.85%. The capital outlay for the year 2024-25 will exceed
6% of GSDP including the Supplementary provision.