CM presents Rs 17,440 crore supplementary budget | Bhubaneswar News
Bhubaneswar: CM Mohan Charan Majhi on Friday tabled a Rs 17,440-crore supplementary budget, pushing Odisha’s overall budget estimate for the current financial year beyond Rs 3 lakh crore. In Feb, the CM presented a Rs 2.9-lakh-crore budget.The key allocations target two flagship schemes — Rs 850 crore for input assistance to farmers under paddy procurement and Rs 295 crore for Subhadra cash incentive scheme for women.With the fresh provision, aid for farmers under Samrudha Krushaka Yojana at Rs 800 per quintal of paddy beyond the minimum support price now totals Rs 6,850 crore, up from Rs 6,000 crore earlier. Majhi also allocated Rs 3,000 crore under the revolving fund for paddy procurement, adding to the Rs 2,000 crore allocated in the budget estimate presented in February.Similarly, Subhadra’s allocation has risen to Rs 10,440 crore from Rs 10,145 crore. Presenting the budget, Majhi, who also holds the finance portfolio, said, “The supplementary provision aims to meet fund requirements for welfare and development by reallocating resources and utilising tied-up funds from various sources.”In a push for urban development, the CM earmarked an additional Rs 100 crore for Mukhyamantri Sahari Vikas Yojana, taking the scheme’s total allocation to Rs 1,200 crore, including Rs 1,100 crore in the main budget.The food supplies and consumer welfare department received the largest share of the supplementary budget — Rs 4,329 crore — of which Rs 1,325 crore is for subsidy under the public distribution system.Odisha Adarsha Vidyalas, govt’s CBSE-affiliated schools, which are struggling with acute staff shortages and infrastructure inadequacies, got Rs 320 crore in the supplementary budget, adding to the Rs 997 crore given in the main budget.Majhi said the supplementary expenditure statement for 2025-26 complies with FRBM norms, as provisions are backed by resource adjustments or additional revenue. The state expects to maintain a revenue surplus, keep the fiscal deficit around 3% of GSDP, and restrict the debt-GSDP ratio within the mandated 25%.Till Oct, Odisha recorded a 1.3% revenue surplus, an 11.9% debt-to-GSDP ratio, and a 2.2% interest payment-to-revenue receipt ratio. Capital outlay for 2025-26, including the supplementary provision, will exceed 6% of GSDP — a move aimed at boosting growth while sustaining welfare and development programmes.
