Revenue as well as expenditure have shown an upward trend in the state in the first quarter of the current fiscal. Revenue collection has grown 29 percent while budgetary expenditure is up by 19 per cent in comparison to the corresponding period of the last fiscal.
Additional Chief Secretary Finance Mr Tuhin Kanta Pandey detailed the fiscal performances of various departments during the first quarter of 2018-19 today at all secretaries level meeting convened by Chief Secretry Aditya Prasad Padhi.
The budget utilization on different plans and schemes up to June has been Rs 13591 crore thereby showing a growth of around 19 per cent over last year utilization up to June, 2017.
The government has spent Rs 6670.53 crore on social sector which was 65 per cent more than the first quarter of the last fiscal.
Projects under this head are executed and monitored through the departments of School & Mass Education, ST & SC Development, Health & Family Welfare, Panchayati Raj & Drinking Water, Women & Child Development and Mission Shakti, Higher Education, Skill Development and technical Education, Social Security and Empowerment of Persons with Disability.
Similarly, the expenditure under agriculture and allied sector has reached Rs.3516 crore as against Rs 2840 crore of the corresponding period in 2017-18.
Keeping pace with the expenditure, the total revenue generation has also grown 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.
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 have grown by 49.16 per cent with a total collection of Rs.2482.34 crore said official sources.
Reviewing fiscal performances of various departments Chief Secretary Mr Aditya Prasad Padhi directed the departments to focus on formulation, sanction and implementation of more need based projects under District Monetary Fund (DMF) along with the budgeted projects.
Additional Chief Secretary and Development Commissioner R. Balakrishnan advised that the departments should manage and monitor the DMF projects like that of the budgeted projects.
The government has set a target for online pension paper submission and sanction from August. It will be mandatory . Presently both online and offline systems are in operation.
As of now 662 pensioners have submitted applications online. From August pension papers will be submitted only through online. The applications will be processed online by the respective Head of The Departments and Pensions Sanctioning Authorities. It will be integrated with Accountant General office along with e-service book generated from HRMS from Januray, 2019.
Additional Chief Secretary Finance Mr Tuhin Pandey appraised that in the meanwhile the module for online submission of utilization certificates ( UCs) under various schemes and grant of State Government has been developed. It would be rolled out from in November, 2018.
Chief Secretary Sri Padhi directed to properly train the concerned officers and stakeholders about the new system before rolling out.
Similarly, online sanction order through Integrated Financial Management System (IFMS) will also be made mandatory from 1st August, 2018. The pilot of this online sanction system has been successful. Till now 17,742 sanction orders have been issued through online IFMS, said officials.
Source : https://www.thestatesman.com/cities/odisha-revenue-and-expenditure-show-upward-trend-in-q1-of-fiscal-1502660134.htmlThanks you for read my article Odisha Revenue And Expenditure Show Upward Trend In Q1 Of Fiscal