CAG Report: Odisha Earned Major Revenue Of Rs 49,859 Cr From Mining In FY 2021-22

Bhubaneswar: The Comptroller and Auditor General (CAG) on Friday submitted the annual accounts of Odisha government for financial year 2021-22 in the Assembly.

As per Finance Accounts in the CAG report, the total revenue receipts of the state for the year was Rs 1,33,998 crore, registering an increase of 16.66% over FY 2020-21.

The major components of revenue receipts were from Mining Activities and Goods and Services Tax which are Rs 49,859 crore and Rs 27,826 crore respectively.

Revenue expenditure increased from Rs 95,311 crore to Rs 1,09,587 crore (14.98%) while the capital expenditure increased from Rs 17,949 crore to Rs 22,725 crore (26.61%) between 2020-21 and 2021-22.

Expenditure on General Services, Social Services, Economic Services and Grants-in-Aid constituted 30.08, 43.17, 25.37 and 1.38 per cent of total revenue expenditure respectively.

The Outstanding Public Debt at the end of March 31, 2022 was Rs 72,485 crore comprising Internal Debt of Rs 53,977 crore and Loans & Advances from Central Government Rs 18,508 crore. Total Public Debt has decreased from Rs 79,503 crore to Rs 72,485 crore. Total Public Debt and Other Liabilities stands at Rs 1,20,140 crore by the end of the financial year.

Total Loans & Advances given by the state government stood at Rs 9,185 crore, while the outstanding unutilised certificates (UCs) was Rs 27,423.03 crore.

The report further stated that the Appropriation Accounts had projected for gross expenditure of Rs 1,95,723
crore. But the actual Gross Expenditure was Rs 1,58,017 crore resulting in savings of Rs 37,706 crore.

While the Cash Balance Investment is Rs 32,701 crore, the total balance in different Reserve Funds is Rs 23,883 crore at the end of the financial year 2021-22, the CAG report mentioned.