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Odisha Budget 2015-16: Key Highlights

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imageOdisha Finance Minister Pradip Kumar Amat presented the Budget for the year 2015-16 inside the Odisha Assembly today. The 2015-16 budget has provided special budget of Rs 10,903.62 core for Agriculture and around Rs 1,403 crore for Naveen Patnaik’s Re 1 per kg Rice scheme.

Adequate funds have been allocated to Education, Health and Women & Child Welfare. In addition, special funds have been provided for Nabakalebara preparations in Puri. Power sector has been given adequate funds too.

imageNo new taxes have been announced in Odisha Budget 2015-16. Total plan outlay has been pegged at Rs 84,487.77 crore, while revenue surplus has been estimated at Rs 5,101.51 crore. The fiscal deficit for 2015-16 will be Rs 10,400 crore. The expected revenue collection has been pegged at Rs 70,940 crore.

Odisha CM Naveen Patnaik termed the budget as visionary, pragmatic and people friendly. The Opposition has slammed the budget, saying it lacks vision and growth options.

Key Highlights of Odisha Budget 2015-16:

Budget Estimates:

Total Plan Outlay: Rs 84,487.77 crore
Non-Plan Expenditure: Rs 43,956.32 crore
Planning Expenditure: Rs 44,150 crore
*Government Expenses: Rs 40,150 crore
*General Enterprises: Rs 4,000 crore
Revenue Collection: Rs 70,940 crore
Revenue Surplus: Rs 5,101.51 crore
Total Revenue Expenditure: Rs 65,838.99 crore
Fiscal Deficit: Rs 10,400 crore (2.99% of GSDP)
No new Taxes

Expenditure:

Agriculture: Rs 10,903.62 crore
Higher education: Rs 1,989.11 crore
School & Mass Education: Rs 9,979.49 crore
Health: Rs 3,855 crore
Women & Child Welfare: Rs 4,160 crore
Rs 100 crore corpus fund for Fertilizers
Biju Krushak Kalyan Yojana – Rs 90 crore
Udyan Krushi (Horticulture): Rs 128.3 crore
Deep Borewell & Irrigation: Rs 520 crore
Flood Control Projects: Rs 579.54 crore
Jal Nidhi Yojana: Rs 160 crore
Re 1 Rice Scheme: Rs 1402.99 crore (Rs 1327.16 crore in 2014-15)
Power Sector: Rs 1187.20 crore
Power Restoration in Berhampur, Gopalpur: Rs 210 crore
Potato Mission: Rs 50 Crore
Disaster Prevention Power Mechanism in BBSR: Rs 50 crore
Food Production may reach 120 lakh metric tonne

Nabakalebara Preparations:

Nabakalebara Expenses: Rs 20 crore
Tourism Police: Rs 3 crore
Other Heritage Jagannath Temples in Odisha – Rs 5 crore
Uninterrupted Power Supply to Puri: Rs 67 crore
Free Travel from Malatipatna to Puri: Rs 40 lakh.

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