Finance Minister Lays Supplementary Budget on Assembly Floor, Places Expenditure of Rs.28,200 cr

Bhubaneswar, September 22: Finance Minister Bikram Keshari Arukha has laid the Supplementary Statement of Expenditure for 2023-24. The proposal for supplementary provision of Rs.28,200 crore has been placed in the Legislative Assembly for approval.

2. Need for Supplementary Budget:

Keeping in view the needs & expectations of the people in a welfare State, the Supplementary Budget is aimed at fulfilling the requirement of funds for public welfare and developmental activities in the State mainly through reallocation of available resources and receipt of tied-up resources from various sources. Following
circumstances necessitated Supplementary provision: -

i) Additional requirement of funds for completion of the important ongoing
projects under state sector.
ii) Additional requirement for ongoing Central Sector and Centrally Sponsored
Schemes and changes in fund release mechanism of CSS effected by
Government of India.
iii) Recoupment of advance taken from Odisha Contingency Fund.
iv) Accounting adjustment under different Demands.

3. Financing the Supplementary Budget:

The allocations under Administrative Expenditure and Transfers to Local Bodies are to be financed against adjustment and surrender. Allocation under Disaster Management Funds to be financed against the differential year-end balance available in the State Disaster Risk Management Fund (SDRMF). The Supplementary provision of Rs.20,100 crore under Programme Expenditure is to be financed by tied up resources to the extent of Rs.3,235crore and through additional revenue collection and savings.

4. What’s New in the Supplementary Budget, 2023-24: 

Rs.1,302 crore for Ama Odisha Nabin Odisha
Rs.556 crore for Location Accessible Multi-modal Initiative (LACCMI)
scheme
Rs.252 crore for IT Connectivity to Gram Panchayats
Rs.210 crore for Odisha Metro Rail Transport
Rs.153 crore for Construction of additional class rooms in Schools through PRIs
Rs.110 crore for Mukhyamantri Chhatra Chhatri Paridhana Yojana
Rs.100 crore for Urban Infrastructure Development Fund
Rs.38 crore under “Jagruti’’ for protection, development and empowerment of
the survivors of gender-based violence.
Rs.21 crore for Odisha Transport Drivers & Workers Welfare Scheme
Rs.20 crore for Revolving Fund for Working Capital for BOYANIKA
Rs.20 crore for Revolving Fund for Working Capital for Sambalpuri Bastralaya
Rs.15 crore for Minority Marriage Assistance
Rs.14 crore for Operation and Management of Block Level Bus Stands
Rs.12 crore for Odisha Birth & Death Registration System (OBDRS)
Rs.11 crore for State Support Centre for ICDS.
Rs.9 crore under SUDAKSHYA for improving employable skill and creation of self-employment opportunities for Girl students of Govt. Engg. Schools & Polytechnics.
Rs.5 crore for CM's Research, Innovation & Fellowship Programme
Rs.5 crore for “Nano Unicorn” for promotion of entrepreneurship of skilled
youth.