Odisha achieves 23 Percent growth in Tax Collection
Bhubaneswar, Dec 7: In spite of the slump and slow growth in market conditions, Odisha has achieved more than 23% growth in own tax revenue collection by November, 2015 in comparison to the corresponding period during 2014.
Similarly, the State Plan expenditure has also grown by 26% during this time in comparison to the last fiscal. This has been discussed in Secretary level meeting held under the Chairmanship of Chief Secretary Sri Aditya Prasad Padhi in secretariat conference hall on last Saturday.
Reviewing the progress of the implementation of flagship programmes and important schemes of Govt, Chief Secretary Sri Padhi has directed the departments to focus on timely completion of the projects. The departments have also been directed to take advance action for ensuring timely delivery of services to people under different schemes and programmes.
Presenting the updates of the revenue position, Development Commissioner and Additional Chief Secretary Finance Sri R. Balakrishnan said that own tax revenue up to November,2015 is satisfactory. There has been higher collection from stamp duty & Registration fees, renewal of mining leases, land revenue, electricity duty and State excise.
The total collection from own tax sources by November, 2015 has been 13, 483.79 cr against a collection of Rs.10, 932.92 cr in 2014 thereby recording a growth of 23.25%. Similarly, the total collection from non-tax sources has been Rs.4371 cr by November, 2015 with a growth of around 10% over the corresponding period of last year.
Total State plan expenditure by November, 2015 has been Rs.20001.32 cr which is around 26% more than the expenditure made by November,2014. The utilization of budget in infrastructure sector has been to the tune of Rs.5163 cr. up to November, 2015 which is around 52% of the budget estimate.
The utilization in social sectors like Education, Health, ST & SC development, Labor welfare, Panchayati Raj, Women & Child Welfare, Employment Training & Technical Education has been around 9616 cr which is around 55% of the budget estimate. The expenditure in infrastructure and social sector has exceeded 8% and 7% respectively over the corresponding period of last financial year. Similarly, expenditure in agriculture and allied sectors has been to the tune of Rs.3859 cr showing a growth of 2.35% over the last year.
Emphasis has been laid on collection of arrears revenue and completion of incomplete projects. The departments have also been asked to submit plan and non-plan budget requirement for 2016-17 by 15th December to Planning & Coordination department. The Controlling offices will send the budget requirement through iFMS. The administrative departments will transfer this to Online Budget ( BETA) module through web service.
Principal Secretaries, Secretaries and Special Secretaries of all departments participated in the deliberations.