Bhubaneswar: State government likely to present a full Budget 2 lakh crore in the next month for the current financial year. Government officials said that after the Rajya Sabha elections to be held in two phases, the assembly session can be called for three seats on June 10 and one seat on June 13.
finance department Principal secretaries of various departments have been requested to submit their revised budget proposals by May 25. A government official said an internal exercise is being conducted by various departments to finalize the budget.
In view of the model code of conduct applicable for panchayat and urban local body elections, the government had passed a vote on account of Rs 1.06 lakh crore for the first four months from April to July on March 31 instead of the full budget. in February and March. Finance Minister Niranjan Pujari had then cited paucity of time to complete the entire legislative process after the urban and local elections.
Vote on Account covered 100% of the budget estimates for disaster and election related expenses and 50% of the estimates for all other plans.
The finance department last week wrote to principal secretaries to rework the previously proposed allocation, when it passed a vote on March 31 to give effect to certain policy decisions and implementation of new schemes and other evolving development and welfare priorities of the government. had gone.
The finance department has also asked various departments to prepare a separate research and development (R&D) budget so that the government captures the quantity and quality of R&D expenditure across all departments.
During the vote on account, the Finance Minister had said that the total program expenditure outlay for the financial year 2022-23 would be around Rs 1,10,000 crore. This includes an outlay of Rs 1,00,000 crore for the government sector and Rs 10,000 crore for PSUs and other extra-budgetary resources.
The proposed program budget size for 2022-23 is 33% higher than that of 2021-22. Government sources said the amount may be increased to include some new schemes while presenting the full budget.
finance department Principal secretaries of various departments have been requested to submit their revised budget proposals by May 25. A government official said an internal exercise is being conducted by various departments to finalize the budget.
In view of the model code of conduct applicable for panchayat and urban local body elections, the government had passed a vote on account of Rs 1.06 lakh crore for the first four months from April to July on March 31 instead of the full budget. in February and March. Finance Minister Niranjan Pujari had then cited paucity of time to complete the entire legislative process after the urban and local elections.
Vote on Account covered 100% of the budget estimates for disaster and election related expenses and 50% of the estimates for all other plans.
The finance department last week wrote to principal secretaries to rework the previously proposed allocation, when it passed a vote on March 31 to give effect to certain policy decisions and implementation of new schemes and other evolving development and welfare priorities of the government. had gone.
The finance department has also asked various departments to prepare a separate research and development (R&D) budget so that the government captures the quantity and quality of R&D expenditure across all departments.
During the vote on account, the Finance Minister had said that the total program expenditure outlay for the financial year 2022-23 would be around Rs 1,10,000 crore. This includes an outlay of Rs 1,00,000 crore for the government sector and Rs 10,000 crore for PSUs and other extra-budgetary resources.
The proposed program budget size for 2022-23 is 33% higher than that of 2021-22. Government sources said the amount may be increased to include some new schemes while presenting the full budget.