Breaking News

Budget: Rs 1 crore to Rs 1 lakh crore - Odisha’s phenomenal journey of 80 years

Bhubaneswar, June 11, 2018: Chief Minister Naveen Patnaik on Monday launched the book ‘80 Years of Odisha Budget’, a compilation of all State budgets since the first in 1936.

The first budget in 1936-37 focused on transforming the socio-economic condition of the newly formed province, summed up to Rs 1.77 crore. Since then, it has grown at compound annual growth rate of 15 per cent to Rs 1,06,910 crore in 2017-18 and grew further to Rs 1,20,028 crore in 2018-19.

In 2013-14, the Naveen Patnaik-led BJD Government adopted a separate Agriculture Budget and a separate Agriculture Cabinet in 2015 to emphasize on agriculture and farmers’ empowerment through improved agricultural practices.

Odisha is the first State in country to bring out such a compilation like this that records its changing socio-economic, political and cultural landscapes through lens of Budget.

It will be a valuable document for scholars, researchers and policy makers, said the Chief Minister.

Over these years, the State has made significant strides in development and successive Governments have shown their commitment to the progress of the state and people.

“We have achieved many milestones but there has to be a constant endeavor to work together to fulfil the aspirations of people and carve a better future for Odisha. Many milestones have been achieved in the last eighty years and called for constant efforts from all stakeholders to keep up with the growing aspirations of people and build a better future,” said Patnaik.

Assembly Speaker Pradeep Kumar Amat, Finance Minister Sashibhusan Behera, Leader of Opposition in the Assembly Narasingha Mishra, Finance Secretary TK Pandey was present.

No comments