Odisha State Budget 2017-18 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Odisha FY 2017-18
Odisha State Budget 2017-18 Budget at a Glance
Total Receipts
Rs 65,800 crore
+14.4%
Total Expenditure
Rs 86,000 crore
+14.7%
Fiscal Deficit
2.7%
Rs 10,800 crore
Capital Expenditure
Rs 17,800 crore
+17.1%
Tax Revenue
Rs 23,400 crore
+15.8%
Interest Payments
Rs 6,000 crore
7% of expenditure
Odisha Revenue Receipts 2017-18
Own tax revenue vs non-tax revenue breakdown
Odisha Expenditure Breakdown 2017-18
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Odisha 2017-18
The fiscal deficit for Odisha in 2017-18 is 2.7% of GSDP (Rs 10,800 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Odisha is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 6,000 crore consume 7.0% of total expenditure.
Odisha State Budget 2017-18 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 92,500 crore | 100% |
| 1. Revenue Receipts | Rs 65,800 crore | 71.1% |
| a. Own Tax Revenue | Rs 23,400 crore | 25.3% |
| b. Non-Tax Revenue | Rs 10,200 crore | 11.0% |
| B. Total Expenditure | Rs 86,000 crore | 100% |
| 1. Revenue Expenditure | Rs 68,200 crore | 79.3% |
| 2. Capital Expenditure | Rs 17,800 crore | 20.7% |
| of which: Interest Payments | Rs 6,000 crore | 7.0% |
| C. Fiscal Deficit | Rs 10,800 crore | 2.7% of GSDP |
Source: Odisha State Budget Documents via PRS India. All figures in Indian Rupees.
Odisha Budget 2017-18 Analysis & Highlights
Key Highlights
- Revenue receipts grew to Rs 65,800 crore as GST implementation generated initial disruption followed by robust stabilisation.
- Fiscal deficit at 2.7% of GSDP at Rs 10,800 crore widened marginally as capital expenditure accelerated for industrial infrastructure.
- GSDP at Rs 4,03,000 crore crossed the Rs 4 lakh crore milestone, reflecting Odisha's emergence as a significant state economy.
- Capital expenditure surged to Rs 17,800 crore as the state invested heavily in industrial corridors, irrigation, and smart city projects.
- Hockey World Cup 2018 preparations drove Rs 3,000 crore investment in Kalinga Stadium and Bhubaneswar infrastructure.
- Mining royalties at Rs 10,200 crore set new records as iron ore prices recovered above $70 per tonne.
- Education spending prioritised Odisha Adarsha Vidyalaya programme establishing model English-medium schools in every block.
- Naveen Patnaik's 5T governance framework (Teamwork, Technology, Transparency, Transformation, Time-limit) was formalised.
- Total outstanding debt-to-GSDP ratio at 17.1% continued the downward trend reflecting fiscal prudence.
- Interest payments at Rs 6,000 crore consumed only 9% of revenue receipts, among the lowest in India.
- Food security programme expanded to include eggs and millets in mid-day meals for improved nutrition.
- Healthcare spending established trauma care centres along national highways and industrial corridors.
- Market borrowings of Rs 16,500 crore financed capital-heavy spending on irrigation and roads.
- The Mo Sarkar citizen feedback initiative launched requiring officials to proactively seek citizen satisfaction data.
Compare Odisha Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 75,000 crore | Rs 86,000 crore |
| Revenue Receipts | โ | โ | โ | Rs 57,500 crore | Rs 65,800 crore |
| Capital Expenditure | โ | โ | โ | Rs 15,200 crore | Rs 17,800 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.5% | 2.7% |
| Own Tax Revenue | โ | โ | โ | Rs 20,200 crore | Rs 23,400 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Odisha State Budget 2017-18
The Odisha state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Odisha Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
Explore More
Compare Odisha with other states
Side-by-side comparison of fiscal metrics across Indian states