Supplementary Budget Likely In Nov: Odisha Govt Asks Departments To Focus On Actual Needs

Bhubaneswar: In order to ensure inclusive growth, the Odisha government has directed its departments to focus on actual needs instead of routine proposals for this year’s Supplementary Budget.

Budget Director SP Rath, in a communication to the departments, has pointed out that substantial surrender of funds at the end of the financial year has become a regular affair as the proposals have not been submitted from holistic point of view.

He told them to draw up the proposals that are based on actual need and in commensurate with the actual spending capacity for the Supplementary Budget which is likely to be presented in November. The estimating and controlling officer of the departments concerned may be instructed to ensure this, he added.

While the country’s economic growth is expected to be around 7% in financial year 2022-23, the state’s growth is pegged at 8%. The state’s own revenue collection till August has shown a growth of about 16 pc while the total expenditure during the April-August was 24% of the Budget Estimates, 2022-23.