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Home Odisha State enhances Fiscal Performance capacity through application of 5-T principles

State enhances Fiscal Performance capacity through application of 5-T principles

State enhances Fiscal Performance capacity through application of 5-T principles

Non-Tax Revenue during 2020-21 grows around 49 % 

Chief Secretary directed to speed up capital expenditure for higher growth rate

Departments asked to closely monitor speedy implementation of livelihood projects

Online System for Project Appraisal and Approval Operationalized

Bhubaneswar: As an outcome of the application of 5-T principles in financial management, State has enhanced its fiscal performance capacity over the last years. The ‘ease of tax payment’ through online modes and ‘e-receipts’ have also been helpful to a significant extent while ensuring transparency in revenue matters. This was known from all secretaries’ meetings held on digital mode under the chairmanship of Chief Secretary Sri Suresh Chandra Mahapatra from Lokseba Bhawan wherein Principal Secretary Finance outlined the financial performance of different departments for discussion.

Principal Secretary Sri Meena appraised that beating all adversities of shutdown and lockdowns for Covid-19, the revenue generation from total non-tax sources during 2020-21 has grown by 48.63% over the last FY of 2019-20. In absolute figures, an amount of Rs.21, 770.64 cr has been collected during 2020-21 against the total collection of around Rs.14, 647 cr collected during 2019-20. Similarly, the revenue generation from own-tax sources has also grown by 7.11% during the FY 2020-21. The total own-tax collection in 2019-20 was around Rs.32, 315 cr which grew to Rs.34, 614 cr during 2020-21. Keeping pace with the revenue generation the total expenditure of different departments during 2020-21 has crossed Rs.1, 26,500 cr with programme expenditure of around Rs.59, 700 cr.

Taking a review of the department-wise fiscal performances, Chief Secretary Sri Mahapatra directed the departments to “speed up capital expenditure under different programmes during the current working season for keeping up the higher growth rate. Sri Mahapatra also directed Principal Secretaries and Secretaries of different departments to closely monitor the livelihood enhancement projects and schemes during the current FY. Principal Secretary Sri Meena appraised that “the online mechanism for appraisal and approval of projects has been operationalised with multi-year expenditure commitment”. It was decided that the finance department would delegate more financial powers to the administrative departments for expediting the project implementation.

State enhances Fiscal Performance capacity

Chief Secretary also reviewed the implementation of the projects under DMF and OMBADC. The review showed that progressive collection till March. 2021 under DMF was around Rs.12376 cr against which around 19496 numbers of projects estimated around Rs.13, 749 cr were sanctioned in different districts. Out of the sanctioned 19,496 projects, a total number of 12,848 projects were completed by end of March 2021.  Similarly, under OMBADC Phase-II, around Rs.19, 000 cr was collected as of March 2021 against which 38 projects worth around Rs. 14,043 cr were sanctioned. As per available data, the projects were in different phases of implementation.

Development Commissioner Sri Pradeep Kumar Jena, Additional Chief Secretary (ACS) and Agriculture Production Commissioner Sri Raj Kumar Sharma, ACS Sri Sanjeev Chopra, ACS Forest, and Environment Dr. Mona Sharma, ACS Health and Family Welfare Sri Pradeepta Kumar Mohapatra along with Principal Secretaries, Secretaries and Special Secretaries of all departments participated in the deliberations.

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