Odisha’s revenue collection has increased by 7.3% compared with the corresponding period of the previous year up to July, according to the source report. The state has also recorded growth in both programme and capital expenditure during the period.
The figures were reviewed during a meeting of the Finance Department at Lok Seva Bhavan, where Chief Minister Mohan Charan Majhi assessed the state’s revenue mobilisation and expenditure performance.
Odisha Revenue Collection Shows Growth
The state’s revenue collection recorded a 7.3% increase up to July compared with the previous year. The growth comes as the government continues to focus on improving revenue mobilisation and strengthening the efficiency of its collection system.
During the review, the Chief Minister advised officials to take further steps to improve the efficiency of the revenue collection mechanism. The focus was on ensuring that the state’s revenue resources are mobilised more effectively.
Revenue collection remains an important component of the state’s financial management, as stronger mobilisation can support government spending on development programmes and capital works.
Programme Expenditure Up 19.1%
Alongside the rise in revenue collection, Odisha has also reported a 19.1% increase in programme expenditure up to July.
Programme expenditure is linked to the implementation of government programmes and development-related activities. The increase indicates a greater level of spending in this area compared with the corresponding period of the previous year.
The review placed emphasis on maintaining the momentum in programme expenditure while ensuring that spending is directed towards development priorities.
Capital Expenditure Records 20.2% Rise
Capital expenditure has recorded an even higher increase, rising by 20.2% compared with the previous year up to July.
The government review focused on increasing capital expenditure along with programme spending. Higher capital expenditure is intended to support development and capital works, according to the source report.
The emphasis on both areas of expenditure reflects the government’s focus on maintaining spending on development activities while strengthening the state’s financial position through improved revenue mobilisation.
CM Reviews Finance Department Performance
Chief Minister Mohan Charan Majhi reviewed the Finance Department at Lok Seva Bhavan and discussed the state’s revenue and expenditure performance.
During the review, officials were advised to further improve the revenue collection system. The Chief Minister also stressed the need to increase capital and programme expenditure.
The review comes at a time when Odisha has recorded growth across all three indicators highlighted in the report: Odisha revenue collection increased by 7.3%, programme expenditure rose by 19.1%, and capital expenditure grew by 20.2% up to July.
The government’s focus will remain on strengthening revenue mobilisation while ensuring higher spending on development and capital works, according to the source information.
