Odisha State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Odisha FY 2018-19
Odisha State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 76,500 crore
+16.3%
Total Expenditure
Rs 99,300 crore
+15.5%
Fiscal Deficit
2.7%
Rs 12,500 crore
Capital Expenditure
Rs 20,500 crore
+15.2%
Tax Revenue
Rs 27,200 crore
+16.2%
Interest Payments
Rs 7,300 crore
7% of expenditure
Odisha Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Odisha Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Odisha 2018-19
The fiscal deficit for Odisha in 2018-19 is 2.7% of GSDP (Rs 12,500 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 7,300 crore consume 7.4% of total expenditure.
Odisha State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.08 lakh crore | 100% |
| 1. Revenue Receipts | Rs 76,500 crore | 71.0% |
| a. Own Tax Revenue | Rs 27,200 crore | 25.2% |
| b. Non-Tax Revenue | Rs 12,800 crore | 11.9% |
| B. Total Expenditure | Rs 99,300 crore | 100% |
| 1. Revenue Expenditure | Rs 78,800 crore | 79.4% |
| 2. Capital Expenditure | Rs 20,500 crore | 20.6% |
| of which: Interest Payments | Rs 7,300 crore | 7.4% |
| C. Fiscal Deficit | Rs 12,500 crore | 2.7% of GSDP |
Source: Odisha State Budget Documents via PRS India. All figures in Indian Rupees.
Odisha Budget 2018-19 Analysis & Highlights
Key Highlights
- Revenue receipts grew to Rs 76,500 crore as mining revenue surged with iron ore prices exceeding $90 per tonne.
- Fiscal deficit at 2.7% of GSDP at Rs 12,500 crore maintained the disciplined trajectory despite elevated capital spending.
- Extremely Severe Cyclone Fani struck Odisha in May 2019, the strongest tropical cyclone to hit the state since 1999.
- Cyclone Fani response involved evacuation of 12 lakh people with only 64 casualties, globally lauded as disaster management gold standard.
- Capital expenditure at Rs 20,500 crore set a state record, directed toward post-Fani reconstruction and industrial infrastructure.
- Hockey World Cup 2018 in Bhubaneswar was a resounding success, enhancing the state's international profile.
- GSDP at Rs 4,65,000 crore grew at 8% nominally as steel production and mining continued expanding.
- Mining lease auctions generated Rs 3,000 crore in premium revenue beyond regular royalties.
- Education spending expanded the Odisha Adarsha Vidyalaya network to 314 schools across all blocks.
- Food security programme achieved near-universal coverage with 4 crore beneficiaries at Rs 1 per kg rice.
- Total outstanding debt-to-GSDP ratio at 17.2% remained stable despite Cyclone Fani reconstruction borrowing.
- Healthcare spending funded post-Fani reconstruction of 150 damaged primary health centres in Puri and Khordha.
- Interest payments at Rs 7,300 crore consumed only 10% of revenue receipts, providing substantial fiscal cushion.
- KALIA scheme launched providing Rs 25,000 per year livelihood support to small and marginal farmers.
Compare Odisha Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 86,000 crore | Rs 99,300 crore |
| Revenue Receipts | โ | โ | โ | Rs 65,800 crore | Rs 76,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 17,800 crore | Rs 20,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 2.7% |
| Own Tax Revenue | โ | โ | โ | Rs 23,400 crore | Rs 27,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Odisha State Budget 2018-19
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