Odisha presents Rs 3,932 cr Supplementary Budget

Last Updated: Fri, Nov 30, 2012 03:21 hrs

The Odisha government presented Rs 3,932.41 crore Supplementary Budget for 2012-13 with focus on agriculture, irrigation, infrastructure development, social security, education and development of deprived classes.

This Supplementary provision, which is over and above the Budget size of Rs 52,030 crore for this fiscal, has set aside Rs 100 crore towards interest subvention for farmers besides allocating Rs 56.27 crore for subsidized Rs 2 per kg rice scheme.

The Supplementary Budget has provision of Rs 110 crore for Rashtriya Krishi Vikas Yojana, Rs 267.57 crore for crop insurance, Rs 189.67 crore for Indira Awas Yojana, Rs 137.45 crore for Madhubabu Pension Yojana, Rs 163.26 crore for National Rural Health Mission (NRHM) and Rs 74.37 crore for Backward Region Grant Fund (BRGF).

Though the Supplementary Budget of Rs 3,932.41 crore for this fiscal is 20.14 per cent less than Rs 4,724.62 crore for 2011-12, state finance minister Prasanna Acharya denied that the allocation has been pruned amid lower GDP growth projections.

“The Supplementary Budget size has been fixed as per requirement of different departments. It has not been reduced because of lower growth projections. The state economy is in a good shape and we are not resorting to open market borrowings. If needed, the state may go for capital borrowing to finance some important projects,” Acharya told the media after presenting the Supplementary statement of expenditure in the assembly.

The Supplementary provision of Rs 3,932.41 crore includes a Non-Plan component of Rs 577.45 crore, State Plan (Rs 2,677.21 crore), Central Plan (Rs 265.81 crore) and Centrally Sponsored Plan (Rs 411.93 crore).

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