Odisha govt presents Rs 1.5 lakh crore budget for FY21

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Odisha govt presents Rs 1.5 lakh crore budget for FY21
Bhubaneswar, Feb 18 () Odisha Finance MinisterNiranjan Pujari on Tuesday presented the annual budget for2020-21 with an outlay of Rs 1,50,000 crore, a rise of 11.1 incomparison to the previous fiscal.

While Rs 65,655 crore has been allocated asadministrative expenditure, Rs 74,000 crore is meant forprogramme expenditure, Rs 3,200 crore for disaster responsefund and Rs 7,145 crore towards transfers from the state,Pujari said in the assembly, describing it as a revenuesurplus budget.

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The minister had presented a Rs 1.39 lakh-crore budgetfor 2019-20.

Pujari said the outlay is proposed to be financedthrough revenue receipt of Rs 1,24,300 crore and borrowing andother receipt of Rs 25,700 crore. "The fiscal deficit isestimated to be 3 per cent of GSDP for the year 2020-21," hesaid.

The total revenue receipt include the state's own taxof Rs 38,350 crore and non-tax revenue of Rs 17,650 crore, itsshare in central taxes for Rs 36,300 crore and grants from theCentre for Rs 32,000 crore.

The capital outlay in 2020-21 is Rs 26,513 crore,which is about 4.5 per cent of the GSDP.

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Additionally, loans and advances, grants for creationof capital assets and other expenditure for capital formationtogether account for Rs 10,000 crore, accounting for 1.7 percent of the GSDP.

For the first time, the Odisha government has switchedto a digital method of budget presentation to reduce printingof papers for the exercise, Pujari said, adding, the e-budgetformat has saved about "1,000 large trees from being felled".

Pujari read out his budget speech from a tabletcomputer, while all MLAs, including Chief Minister NaveenPatnaik, were provided with similar devices containing thebudget document.

The finance minister said nutrition budget, strategicbudget and a climate code budget have been introduced thisyear.

By separating specific sectors, focus has been givento environment, child and women and infrastructuredevelopment, he said.

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Pujari, like other years, presented the budget in twoparts - agriculture and general.

For agriculture, he collocated Rs 19,408 crore for2020-21 and said another Rs 12,000 crore is to be investedthrough extra budgetary resources.

To increase income of farmers, the finance ministerproposed a 'Samruddha Krishi Niti-2020' in the budget. Heproposed an allocation of Rs 3,195 crore for the KALIA scheme.

Pujari added that construction of in-stream storagestructure in all major rivers with an investment of Rs 12,000crore over five years is a step towards transformation. AAMRBT RBT
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