Fiscal Performance Of Odisha Shows An Upward Trend In Q1 Of Current Fiscal

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Review of the first quarter fiscal performance by state Chief Secretary A P Padhi on Wednesday showed that budget utilization on different plans, programmes and schemes up to June, 2018 was Rs.13591 crore showing a growth of around 19 per cent over last year utilization during the same period.

Keeping pace with the expenditure, the total revenue generation has also increased around 29 per cent with a total collection of Rs.8928 crore by end of June 2018-19.

The revenue generation by June in last fiscal year (2017-18) was around Rs.6936 crore. The revenue from own tax sources during current fiscal has grown by 22.25 per cent with total collection of Rs.6445.52 crore and the revenue from non-tax sources has grown by 49.16 per cent with a total collection of Rs 2482.34 crore.

The Social sector spending by end of June of current year (with actual spending of Rs.6670.53cr) has touched by 65 per cent over the corresponding period of 2017-18.

Similarly, the expenditure under agriculture & allied sector has reached Rs 3516 crore and the expenditure in infrastructure sector has touched Rs 2840 crore.

Target was set to make online pension paper submission and sanction mandatory from August 2018.

Presently, both the online and offline systems are in operation but from August next pension papers will be submitted only through online.

Reviewing fiscal performances of various departments during first quarter of 2018-19, Chief Secretary A P Padhi directed the departments to focus on formulation, sanction and implementation of more need based projects under District Mineral Fund (DMF) along with the budgeted projects.

The meeting was told a module for online submission of utilization certificates ( UCs) under various schemes and grant of State Government has been developed and would be rolled out from in November, 2018.

Similarly, online sanction order through Integrated Financial Management System (IFMS) will also be made mandatory from August 1, 2018.

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Source : https://news.webindia123.com/news/articles/India/20180711/3387090.html

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