Bhubaneswar: The Odisha government on Friday presented the annual budget of Rs 1.39 lakh crore for 2019-20 in the Assembly, projecting an economic growth of 8.35 per cent.
Finance Minister Niranjan Pujari presented the budget which is about 15.8 per cent more than the annual budget of 2018-19.
Like the previous year, this year also the budget was presented in two parts–Agriculture Budget and General Budget.
“We have presented a balanced budget and it reflects State government’s commitment: The State’s economy is expected to grow at 8.35% in 2019-20, much higher than the all-India growth rate of 7.2%,” Pujari said.
Pujari said the total proposed outlay will be financed by revenue receipts of Rs 1.15 lakh crore and through borrowings and other receipts of Rs 23,734 crore.
The total administrative expenses for 2019-20 has been pegged at Rs 57,310 crore, which includes Rs 25,500 crore for salaries, Rs 13,300 for pension, Rs 6500 crore for interest payment, among others.
Total revenue receipts for 2019-20 includes Rs 33,000 crore in State’s own tax, Rs 12,500 own non-tax, Rs 39, 207 crore in central taxes and Rs 30,559 crore as grants from centre.
The finance minister said Rs 19,492 crore has been allocated for education & skills sectors while Rs 2,550 crore has been earmarked for Samagra Sikhya Abhiyan and Rs 844 core for Mid-day Meal Scheme.
While Rs 1,203 crore has been allocated for Biju Swasthya Kalyan Yojana (BSKY) for 2019-20, Rs 1,365 crore provision made for National Health Mission and Rs 578 crore for Mukhya Mantri Swasthya Seva Mission.
A higher outlay of Rs 2740 crore has been proposed for rural water supply and Rs 385 crore will be spent on urban water supply.
The budget allocated Rs 2500 crore for rural component and Rs 300 crore for the urban component of Swachh Bharat Mission.
Under Housing, for convergence of PMAY Gramin and Biju Pucca Ghar Yojana Rs 4820 crore has been proposed in the annual Budget. Similarly, for women and child development, Rs 3,457 crore has been allocated for various schemes and programmes.
The budget proposed Rs 500 crore corpus fund to facilitate timely payment of wages under MGNREGA pending receipt of central assistance of the wage component.
A budget outlay of Rs 27,760 crore has been allocated for development of SCs, STs, Other Backward Castes and Minorities. While Madhubabu Pension Yojana got Rs 2,120 crore allocation for 2019-20 and Rs 838 crore has been provided under National Social Assistance Programme (NSAP).
The government proposed a budgetary allocation of Rs 1028 crore for State Food Security Scheme in which 5 Kg rice per month per beneficiary is provided at the rate of Rs 1 per Kg.
Moreover, crop loan up to Rs 1,00,000 made interest-free and Rs 800 crore has been allocated for interest subsidy/subvention on crop loan during 2019-20.