Orissa FM stresses output & outcome, cash management in Budget 2010-11

Orissa finance minister Prafulla Chandra Ghadei on Tuesday presented the full-fledged budget of Rs 39,896 crore for the year 2010-11. He laid stress on plan expenditure and output and outcome of the budget outlays.

?Mere provision in the budget is not sufficient. It should produce the desired output and outcome so that the common man is benefitted,? the minister said. The government has decided to bring out outcome budget of works, water resources, rural development, women and child development and panchyati Raj department in 2010-11, the minister added.

Enphasising the timely spending of budgeted outlays, the finance minister said the government has decided to introduce cash management system in 10 key departments through monthly expenditure plan (MEP) and quarterly expenditure allocation (QEA) in the financial year 2010-11. ?Operationalisation of the scheme is expected to ensure full utilisation of budgetary allocation without rush of expenditure in the last quarter of the fiscal,” he added.

The finance minister said the Budget 2010-11 is aimed at inclusive growth with higher allocation in food security, livelihood security, health security and public service delivery. He said priorities have been given on sectors like infrastructure, agriculture, water resources and rural development.

The government has provided Rs 147 crore as MLA LAD fund enhancing the annual fund to Rs 1 crore from Rs 75 lakh.

The budget has estimated the total revenue deficit at Rs 1036 crore and the fiscal deficit at Rs 7308 crore for the whole year.

The state?s own tax revenue has been estimated at Rs 10,360 crore and non-tax revenue at Rs 3166 crore.

The government has incorporated Rs 11,000 crore plan outlay in the Budget.

The finance minister, in March 2010, had presented a vote-on-account budget of Rs 17078 crore for the first four months of the current fiscal. In the vote-on-account budget, Ghadei had estimated the revenue deficit for the whole year at Rs1203 crore and the fiscal deficit at Rs 6993 crore. Since the devolution from the central fund was not clear as the 13th Finance Commission award was made public, the government preferred for a vote-on-account budget.