On February 18,2020 Odisha Finance Minister Niranjan Pujari with Odisha Chief Minister Naveen Patnaik presented the annual budget 2020-21 for Rs 1.5 Lakh crore, in 2019-20 for Rs 1.39 lakh crore.Â
Key points:-
 i.The Odisha government has switched to a paperless budget for the first time and is the second state in India after Himachal Pradesh.
ii.The budget is termed as ‘Green Budget’, an initiative under 5T action plan to reduce printing of 75Lakhs pages hence to save around 1000 trees.
Budget Allocation
- Rs 65,655 crore for administrative expenditure.
- Rs 74000 crore for Programme expenditure.
- Rs 3200 crore for disaster response fund.
- Rs 7145 crore for transfers from state.
The budget includes 12 crore for water conservation over 5 years, Rs 7700 crore for the health sector, Rs 19408 crore for agriculture, Rs 3195 crore for KALIA scheme, Rs 12,000 for construction of in stream storage structure in all major rivers.
Key Highlights
i.To increase the income of farmers ‘Samruddha Krishi Niti-2020’ has been proposed.
ii.Odisha is the 1st state to introduce the Nutrition budget, Strategic budget and Climate code budget while presenting the budget 2020-21.
iii.Budget outlay to be financed through revenue receipt of Rs 1,24,300 crore, borrowing and other receipt of Rs 25,700 crore.
iv.The fiscal deficit estimated to be 3% of Gross State Domestic Product (GSDP)
v.The capital outlay is Rs 26,513 crore that is 4.5% of GSDP.
vi.When compared to the national average of 6.9% the Odisha Government remains 8% for the last 7 years.Niranjan Pujari said that Odisha’s growth rate is expected to be 7-7.5 per cent in FY 20-21. Last fiscal, the growth rate was at 6.16 per cent.
About Odisha:
Capital– Bhubaneswar
Governor– Ganeshi Lal
Chief Minister– Naveen Patnaik
