supplementary budget: Odisha govt to present supplementary budget for 2019-20 FY in mid-November | Bhubaneswar News timesofindia.indiatimes.com

timesofindia.indiatimes.com

BHUBANESWAR: The Odisha government would present the supplementary budget for the 2019-20 financial year mid-November in the forthcoming assembly session.
The supplementary budget would be in addition to the annual budget of Rs 1.39 lakh crore presented by finance minister Niranjan Pujari in June.
State finance secretary Ashok Kumar Meena informed it during the all-secretary meeting headed by chief secretary Asit Kumar Tripathy on Tuesday. Meena asked secretaries of various department to submit requirement of their department in the supplementary budget by end of the week.
Official sources said states’ revenue augmentation shows an upward trend by end of September marking a growth rate of around 8.10 per cent over corresponding period of last fiscal year.
“Revenue generation from non-tax sources (like mining royalty, water tax and housing tax) grew by 10.46 per cent by end of September in comparison to September 2018 while the total collection is pegged at Rs 6186.48 crore,” said a senior official, who attended the meeting.
Similarly, the revenue generation from own tax sources ((land revenue, stamp duty and registration, state excise, VAT and motor vehicle tax) also increased by 7.16 per cent with a total collection of around Rs 15,055 crore against last year’s collection of Rs 14,049 crore.
From mining sector, Odisha has earned Rs 5,207 crore against last years’ collection of Rs 4580 crore by September end.
Heading the meeting, the chief secretary directed senior officers to expedite budget utilization and make up the backlog, which was caused because of the model code of conduct for general elections.
Total budget expenditure by various departments by September-end is estimated at around Rs 46,819 crore, said an official source.
Development commissioner Suresh Chandra Mohapatra advised the secretaries to make the district visits programme more effective and outcome-oriented as the objective of such visits are to find out the implementation bottlenecks and to suggest changes in existing policy and guidelines.





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