Odisha State Budget 2019-20 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Odisha FY 2019-20
Odisha State Budget 2019-20 Budget at a Glance
Total Receipts
Rs 79,200 crore
+3.5%
Total Expenditure
Rs 1.05 lakh crore
+5.7%
Fiscal Deficit
2.6%
Rs 13,200 crore
Capital Expenditure
Rs 18,500 crore
-9.8%
Tax Revenue
Rs 28,500 crore
+4.8%
Interest Payments
Rs 8,400 crore
8% of expenditure
Odisha Revenue Receipts 2019-20
Own tax revenue vs non-tax revenue breakdown
Odisha Expenditure Breakdown 2019-20
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Odisha 2019-20
The fiscal deficit for Odisha in 2019-20 is 2.6% of GSDP (Rs 13,200 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 8,400 crore consume 8.0% of total expenditure.
Odisha State Budget 2019-20 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.14 lakh crore | 100% |
| 1. Revenue Receipts | Rs 79,200 crore | 69.6% |
| a. Own Tax Revenue | Rs 28,500 crore | 25.0% |
| b. Non-Tax Revenue | Rs 13,200 crore | 11.6% |
| B. Total Expenditure | Rs 1.05 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 86,500 crore | 82.4% |
| 2. Capital Expenditure | Rs 18,500 crore | 17.6% |
| of which: Interest Payments | Rs 8,400 crore | 8.0% |
| C. Fiscal Deficit | Rs 13,200 crore | 2.6% of GSDP |
Source: Odisha State Budget Documents via PRS India. All figures in Indian Rupees.
Odisha Budget 2019-20 Analysis & Highlights
Key Highlights
- Revenue receipts at Rs 79,200 crore grew modestly at 4% as mining revenue softened and the national economic slowdown impacted collections.
- Fiscal deficit at 2.6% of GSDP at Rs 13,200 crore remained well within FRBM limits despite continued Fani reconstruction spending.
- GSDP growth decelerated to 5% nominally at Rs 5,05,000 crore as the national economic slowdown affected industrial output.
- Naveen Patnaik won an unprecedented fifth consecutive term in April 2019, reinforcing policy continuity and governance stability.
- Capital expenditure at Rs 18,500 crore remained among the highest state ratios for capital investment.
- Mining royalty collections softened as iron ore prices moderated from 2018 peaks to around $80 per tonne.
- COVID-19 arrived in the final quarter, with Odisha implementing early lockdown measures and migrant worker management.
- KALIA scheme disbursed Rs 5,200 crore covering 53 lakh farmer families with direct benefit transfers.
- Total outstanding debt-to-GSDP ratio at 18.2% edged up slightly as Fani reconstruction borrowing continued.
- Healthcare spending pivoted to COVID preparedness in March 2020 with isolation facilities and testing infrastructure.
- Mo Sarkar citizen feedback initiative achieved 95% positive satisfaction ratings across government services.
- Food security programme proved critical as lockdown disrupted livelihoods for 4 crore beneficiaries.
- Market borrowings of Rs 21,000 crore financed ongoing Fani reconstruction and capital investment.
- Education spending maintained the Adarsha Vidyalaya expansion with 340 operational model schools.
Compare Odisha Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 99,300 crore | Rs 1.05 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 76,500 crore | Rs 79,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 20,500 crore | Rs 18,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 2.6% |
| Own Tax Revenue | โ | โ | โ | Rs 27,200 crore | Rs 28,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Odisha State Budget 2019-20
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