Revenue Collection up by 4 Percent in Odisha

Odisha recorded a four percent increase in revenue collection by December 2014 against the same period of 2013, said an official Tuesday in Bhubaneswar. While revenue worth Rs.16,167 crore was collected by December 2013, the tax and non-tax revenue has been reported at Rs.16,792 crore by December 2014 registering a growth of four percent, said an official statement here.

The planning outlay has also been increased to 77 percent; it was announced at a meeting of all secretaries chaired by Chief Secretary G.C. Pati in Bhubaneswar. The government spent Rs.19,382 crore by December 2014 in the planning sector. The government had spent Rs.10,935 crore in 2013, the statement said.

The expenditure is in tune with the cash management system (CMS) that mandates at least 60 percent spending by the end of December. CMS was introduced to arrest rush in expenditure towards the fag end of any fiscal. The government collected Rs.12,229 crore by December 2014 against Rs.10,779 by December 2013, said the statement. (IANS)