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Odisha Budget 2017-18 highlights

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Bhubaneswar: The State budget for 2017-18 was presented today by Finance Minister Pradeep Amat. The budget is estimated at around Rs 1,06,911 crore.

The minister first presented the agriculture budget which got an outlay of Rs 14,930 crore, 100 per cent more than 2013-14 budget when agriculture budget first started. While health issues have brought the ruling government into much controversy over the last year, only five percent has been allocated to health sector. Education and skills get Rs 18,404 crore outlay.

Here are some highlights of the budget:

  1. Class XI students of state supported schools, Madrasas, Sasnkrit Tols to get cycles
  2. Chief Minister Health Service Mission proposed
  3. Rs 400 crores outlay for new Medical college
  4. Rs 392 crores for Smart City infrastructure in Bhubaneswar and Rourkela
  5. Plan to control child mortality and mother mortality
  6. ‘Abadha’ scheme for development of Jagannath Dham Puri
  7. Drinking water scheme ‘Basudha’ named after Buxi Jagabandhu
  8. Biju Pucca Ghar for 15 lakh families in rural areas by 2019
  9. Pre schooler uniform scheme under Malati Debi’s name
  10. Rs 880 crores allocated for Re 1 rice
  11. New scheme Unnati for urban infrastructure development allocated Rs 294 crore
  12. Connectivity to rural areas cut off due to Maoists
  13. Weavers of 60 to 80 years to get financial support
  14. Award scheme for weavers preserving art and craft
  15. Chairs to be established in the name of Bhakatakabi Madhusudan Rao and Kuntala Kumari Sabat

The budget expenditure in Consolidated Fund will be financed through estimated revenue receipts of Rs 88,932 crore, recovery of loans and advances of Rs 130 crores and borrowing and other receipts of Rs 17,849 crore. Total revenue receipts for the year 2017-18 include State’s share in central taxes for Rs 31,422 crore, State’s own tax for Rs 26,800 crore, own non tax revenue of Rs 9,500 crore and grants from Centre for Rs 21,210 crore.

The tax/GDSP ratio would be 6.50 per cent in 2017-18, said the Finance Minister.

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