State’s fiscal performance better despite coronavirus

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State’s fiscal performance better despite coronavirus

Wednesday, 21 July 2021 | PNS | BHUBANESWAR

Beating all adversities of the shutdown and lockdowns caused by Covid-19, the revenue generation from State's own sources by end of June, 2021 grew to Rs 17,656.70 crore against the last year collection of Rs 8,307.54 crore during the same period, thereby marking a growth of 112.54 per cent.

This was known at the All Secretaries meeting held on digital mode under the chairmanship of Chief Secretary Suresh Chandra Mahapatra on Tuesday. Principal Secretary Finance Ashok Kumar Meena appraised that revenue generation from own-tax sources grew by 74.66per cent. The total revenue collection from own-tax sources up to June, 2020 was around Rs 4,601 crore which grew up to Rs 8,036 crore by June, 2021.

Similarly, the non-tax revenue up to June, 2020 was around Rs 8,307.54 crore which grew to Rs 9,621.16 crore by June, 2021 thereby recording a growth of 159.55per cent over the previous year.

The non-tax revenue growth was assigned to robust system of revenue collection developed in Steel and Mines Department.  Meena informed that overall percentage of the budget utilisation by June, 2021 grew to 21per cent (Rs 12, 864 crore in absolute figures) against that of around 17per cent(Rs 9,873 crore) during the corresponding period of the last fiscal. The Chief Secretary also reviewed implementation of the projects under DMF and OMBADC.

Review showed that progressive collection till May 2021 under DMF was around Rs 13, 173 crore against which around 20,372 projects estimated around Rs 14,490 crore were sanctioned in different districts. Out of the sanctioned projects, a total of 13,132 projects were completed by end of May, 2021 and, balance projects were in different stages of implementation.

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