Odisha State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Odisha FY 2024-25
Odisha State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 2.11 lakh crore
+13.7%
Total Expenditure
Rs 2.44 lakh crore
+15.3%
Fiscal Deficit
3.5%
Rs 32,403 crore
Capital Expenditure
Rs 58,195 crore
+26.1%
Tax Revenue
Rs 60,000 crore
+11.1%
Interest Payments
Rs 5,500 crore
2% of expenditure
Odisha Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Odisha Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Odisha 2024-25
The fiscal deficit for Odisha in 2024-25 is 3.5% of GSDP (Rs 32,403 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 5,500 crore consume 2.3% of total expenditure.
Odisha State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.65 lakh crore | 100% |
| 1. Revenue Receipts | Rs 2.11 lakh crore | 79.6% |
| a. Own Tax Revenue | Rs 60,000 crore | 22.6% |
| b. Non-Tax Revenue | Rs 58,000 crore | 21.9% |
| B. Total Expenditure | Rs 2.44 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.84 lakh crore | 75.3% |
| 2. Capital Expenditure | Rs 58,195 crore | 23.9% |
| of which: Interest Payments | Rs 5,500 crore | 2.3% |
| C. Fiscal Deficit | Rs 32,403 crore | 3.5% of GSDP |
Source: Odisha State Budget Documents via PRS India. All figures in Indian Rupees.
Odisha Department-wise Expenditure 2024-25
Top departments by allocation in Odisha for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 21,000 crore | Rs 2,500 crore | Rs 23,500 crore | 9.6% |
2. Rural Development | Rs 16,000 crore | Rs 7,000 crore | Rs 23,000 crore | 9.4% |
3. Social Welfare | Rs 12,000 crore | Rs 1,700 crore | Rs 13,700 crore | 5.6% |
4. Health & Family Welfare | Rs 10,500 crore | Rs 3,000 crore | Rs 13,500 crore | 5.5% |
5. Water Resources & Irrigation | Rs 4,500 crore | Rs 9,000 crore | Rs 13,500 crore | 5.5% |
6. Transport & Roads | Rs 4,800 crore | Rs 8,000 crore | Rs 12,800 crore | 5.2% |
7. Agriculture & Allied | Rs 8,500 crore | Rs 3,500 crore | Rs 12,000 crore | 4.9% |
8. Energy | Rs 7,000 crore | Rs 4,500 crore | Rs 11,500 crore | 4.7% |
9. Urban Development | Rs 5,200 crore | Rs 4,200 crore | Rs 9,400 crore | 3.9% |
10. Police & Home | Rs 6,000 crore | Rs 1,200 crore | Rs 7,200 crore | 3.0% |
Odisha Budget 2024-25 Analysis & Highlights
Key Highlights
- Vote-on-account followed by full budget under new BJP government.
- Total expenditure at Rs 2,00,000 crore reflecting transition from 24-year BJD rule.
- Fiscal deficit at Rs 25,000 crore โ 2.7% of GSDP.
- Mining revenue at Rs 22,000 crore as iron ore prices remain elevated.
- Subhadra Yojana โ new women empowerment scheme providing Rs 10,000 annually announced.
- Industrial investment pipeline exceeds Rs 4 lakh crore from steel, aluminium, and renewable energy.
- Capital expenditure at Rs 40,000 crore targeting road, rail, and port connectivity.
- Cyclone Yaas (2021) reconstruction costs still flowing in coastal districts.
- Education spending at Rs 25,000 crore continues model school programme.
- Odisha maintains revenue surplus status for the fourth consecutive year.
- Debt-to-GSDP ratio at 14.8% โ among the healthiest balance sheets nationally.
Compare Odisha Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 2.12 lakh crore | Rs 2.44 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.85 lakh crore | Rs 2.11 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 46,152 crore | Rs 58,195 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.0% | 3.5% |
| Own Tax Revenue | โ | โ | โ | Rs 54,000 crore | Rs 60,000 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Odisha State Budget 2024-25
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.
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Compare Odisha with other states
Side-by-side comparison of fiscal metrics across Indian states