State’s revenue generation up by 29% in 1st quarter

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Bhubaneswar: The state’s fiscal performance has shown an upward trend by the end of first quarter (Q1) of the current fiscal in both its indicators of budget utilisation and revenue generation. The revenue generation grew by 29 per cent in this quarter.
This was revealed at the monthly meeting of all secretaries held under the chairmanship of Chief Secretary A P Padhi at the Secretariat conference hall Tuesday.
The total revenue collection during the first quarter of 2018-19 was `8,928 crore while the collection by June in last fiscal (2017-18) was `6,936 crore. It means the revenue generation has grown by around 29 per cent, sources said.
The revenue from own tax sources has increased by 22.25 per cent with a total collection of `6,445.52 crore whereas the revenue from non-tax sources has grown by 49.16 per cent with a total collection of `2,482.34 crore.
Similarly, the total budget expenditure during the first three months of 2018-19 was `13,591 crore, which was 19 per cent more than the utilisation made in the same period of 2017-18.
With the expenditure of about `6,670.53 crore, the social sector spending has grown by 65 per cent over the same period of 2017-18. The expenditure under agriculture & allied sector has reached `3,516 crore and the expenditure in infrastructure sector has touched `2,840 crore, the sources said.
Reviewing the fiscal performances of various departments, the Chief Secretary instructed the departments to focus on formulation, sanction and implementation of more need-based projects under District Mineral Fund (DMF) along with the budgeted projects.
During the meeting, 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. According to the sources, 662 pensioners have submitted applications online. From August, pension papers have to be submitted only online.
Additional Chief Secretary, Finance, TK Pandey said the module for online submission of utilisation certificates (UCs) under various schemes and grant of state government has been developed, which will be rolled out in November this year.
Besides, online sanction order through Integrated Financial Management System (IFMS) will also be made mandatory from August 1, he added.