The Odisha government on Friday began preparations for the budget for 2023-24 with Finance Minister Niranjan Pujari chairing a consultative meeting.
Bhubaneswar: The Odisha government on Friday began preparations for the 2023-24 budget with Finance Minister Niranjan Pujari chairing a consultative meeting. As the state’s economy is on the path of recovery after the Covid pandemic, the size of the budget is likely to be 10 per cent higher than last year’s. The government had presented a budget of Rs 2 lakh crore for 2022-23. A major chunk of the funds will be allocated for a large number of welfare measures announced by the state government in the budget.
Three former finance ministers, Prafulla Chandra Ghadei, Shashibhushan Behera and Panchanan Kanungo attended the meeting. He advised the state government to take resource generating decisions to promote tourism in the state. Panchanan Kanungo said, ‘There should not be an effort to promote temple tourism only. The state government should find other ways to increase the income.
Official sources said the state has been consistent in maintaining a strong growth rate of over 6.5 per cent and tax collection is also satisfactory. The size of the budget will definitely be higher than last year. The state government has already started the official preparation of the budget and a decision will be taken in this regard.
Since the state budget will be presented after the Union budget, things will become clear to a great extent in the first week of February. The state government will no longer have to estimate the size of the central share and other assistance, he said, making budget preparation much easier.
Odisha government’s budget for 2023-24 will be 10 percent bigger than last year
Story first published: Monday, January 9, 2023, 20:19 [IST]