Odisha’s Reliance On Central Funds Down To 40%, Says Naveen

Bhubaneswar: Odisha’s reliance on Central funds has come down 40% of its total revenue receipts due to integrated financial management system, said Chief Minister Naveen Patnaik on Thursday.

Addressing the 32nd general body meeting of the Odisha Finance Service Association in Bhubaneswar, the chief minister said the state government has taken several initiatives to ensure timely delivery of the benefits of welfare schemes and quality public services. Odisha now leads the country in every parameter of socio-economic development, he added.

“As you all know, our government has taken transformational initiatives to ensure timely delivery of scheme benefits and quality public services. The twin initiatives of 5T and Mo Sarkar have brought in a sea-change in governance mechanism and ensured public participation in the development process,” he said.

The hosting of the World Cup Hockey twice in a row, effective management of the pandemic, the huge success of the third edition of the Make-in-Odisha Conclave and many other achievements have beckoned the rise of New Odisha, he added.

“At the core of all the success stories of our state is our fiscal discipline, effective mobilisation of resources and formulation of public policies ensuring proper and just use of the resources,” Naveen said. The twin initiatives of 5T and Mo Sarkar have brought in a sea-change in governance mechanism, and have ensured public participation in the development process, he added.

Stating that the contribution of Odisha Finance Service (OFS) needs no elaboration, he said this cadre is uniquely placed to aid and facilitate in government’s development endeavors and transformational initiatives.

“In such a context, the public financial management encompassing a gamut of activities, like strategic budgeting, effective administration of GST and IFMS enabling just-in-time funding system, assume greater significance in achieving our dream of a prosperous Odisha,” the chief minister said.