BHUBANESWAR: Sharp fall in collection of revenue has forced the state government to peg the size of first supplementary budget 2014-15 at almost half the size of that last year.
Official sources said the council of ministers, headed by chief minister Naveen Patnaik, on Thursday gave its nod to the draft budget of Rs 3,900 crore, including plan outlay worth Rs 1,300 crore.
The first supplementary budget in 2013-14 was Rs 7,144 crore.
Finance minister Pradip Amat would present the supplementary budget on November 20, the first day of the winter session of the assembly, official sources said.
The sources said the government has no plan to unveil any new scheme in the supplementary budget. Additional funds have been allocated to certain ongoing schemes and also for meeting salary and pension needs of employees.
He said the highest of Rs 270 crore is allocated for agriculture and allied sectors while Rs 15 crore has been earmarked to meet expenses for projects for Nabakalebara of Puri Jagannath Temple.
The state government has set a revenue target of Rs 25093.87 crore in the current fiscal year. By September, only 38% of the target was achieved, official sources said. "Although we have fallen short of achieving the target so far, we are hopeful of making up within the next five months," the finance minister said.
In the first half of the financial year, mining revenue dropped by 20 % due to closure of 26 iron ore and manganese mines following May 16 Supreme Court order, the sources said. Around Rs 2,044 crore mining revenue was collected between April and September as against Rs 2,600 crore in the corresponding period of the previous year.
Official sources said the council of ministers, headed by chief minister Naveen Patnaik, on Thursday gave its nod to the draft budget of Rs 3,900 crore, including plan outlay worth Rs 1,300 crore.
The first supplementary budget in 2013-14 was Rs 7,144 crore.
Finance minister Pradip Amat would present the supplementary budget on November 20, the first day of the winter session of the assembly, official sources said.
The sources said the government has no plan to unveil any new scheme in the supplementary budget. Additional funds have been allocated to certain ongoing schemes and also for meeting salary and pension needs of employees.
He said the highest of Rs 270 crore is allocated for agriculture and allied sectors while Rs 15 crore has been earmarked to meet expenses for projects for Nabakalebara of Puri Jagannath Temple.
The state government has set a revenue target of Rs 25093.87 crore in the current fiscal year. By September, only 38% of the target was achieved, official sources said. "Although we have fallen short of achieving the target so far, we are hopeful of making up within the next five months," the finance minister said.
In the first half of the financial year, mining revenue dropped by 20 % due to closure of 26 iron ore and manganese mines following May 16 Supreme Court order, the sources said. Around Rs 2,044 crore mining revenue was collected between April and September as against Rs 2,600 crore in the corresponding period of the previous year.
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