Bhubaneswar: The fiscal performances of the state has shown an overall increase of around 23.33 per cent in revenue generation from both the own tax and non-tax sources by the end of December in current financial year.
State Finance Secretary Tuhin Kanta Pandey said the revenue collection from own tax resources up to December was Rs 19,722 crore against a collection of Rs 15,239 crore during the same period of 2016-17. Similarly, the collection from non-tax sources during the same period was Rs 5,291 crore against Rs 5,042 crore during 2016-17. The total revenue generation from both the tax and non-tax sources during 2017-18 was around Rs 25,013 crore by end of December, 2017 against a total of Rs 20,282 crore during the corresponding period of 2016-17.
Keeping in tune with the revenue generation, the total expenditure up to December 2017 was Rs 59,572 crore against the expenditure of Rs 56,456 crore up to December 2016 thereby showing an increase of around 5.52 per cent.
He said the expenditure in social sector was around Rs 24,965 crore, while in agriculture and allied sector it was Rs 8,821 crore and Rs 9,889 crore in infrastructure building. State chief secretary, who chaired a review meeting, advised the secretaries to look into convergence of budgetary and non-budgetary resources of their respective departments for more effective use of the resources.
The annual state budget is expected be presented in the third week of February after presentation of Union Budget. The chief secretary also directed the departments to furnish information for 15th Finance Commission by April 15 next.
PNN
