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The 2023-24 budget for Odisha is 2 Lac 30 Thousand crore, 15 % more than that of the previous financial year.
Odisha finance minister Niranjan Pujari on 24 February 2023 presented the Annual Budget for the state for 2023-24 in the Odisha Assembly with an outlay of Rs.230,000 crore, about 15 percent more than the Annual Budget of the previous financial year. The fiscal deficit has been kept below 3 percent of the state’s gross domestic product.
The fiscal deficit has been kept below 3 percent of the state’s gross domestic product.
This year’s Budget has allocated Rs.125,000 crore for program expenditure and Rs.94,000 crore for administrative expenses. It has kept Rs.3,700 crore aside for disaster risk management funds.
Main allocations for different sectors in the 2023-24 Budget
Rs. 30,030 crores for the education and skill sector, about 12.3 percent more than the previous Budget. Out of this, Rs.22,528 crore is for the school and mass education department.
Rs.24,829 crores for agriculture and allied sector, an increase of 21 percent from the previous year.
Rs.1,879 crores have been kept for beneficiaries of KALIA scheme and Rs.2,000 as a revolving fund to be utilized for paddy procurement.
Rs.16,048 crores for the health sector, an increase of 27 percent from the previous year. Rs.2,380 has been kept under the State Health Assurance Society for the supply of free medicines and diagnostic services, and cashless treatment to Biju Swasthya Kalyan Yojana card holders.
Rs.13,215 crores for piped drinking water supply for rural areas.
Rs.38,437 crores for the development of STs and SCs for identified schemes in the programmed budget.
Rs.19,452 crores under roads, bridges, airports, and railways, 34 percent higher than the previous year’s Budget.
Rs.2,553 under the overreaching Mission Shakti program.
Rs.4,299 crores for social security measures while Rs.3,670 crores for various women and child-centric policies and welfare measures.
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