Odisha State Budget 2025-26 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Odisha FY 2025-26
Odisha State Budget 2025-26 Budget at a Glance
Total Receipts
Rs 2.33 lakh crore
+10.2%
Total Expenditure
Rs 2.67 lakh crore
+9.4%
Fiscal Deficit
3.2%
Rs 34,200 crore
Capital Expenditure
Rs 66,000 crore
+13.4%
Tax Revenue
Rs 66,000 crore
+10.0%
Interest Payments
Rs 6,700 crore
3% of expenditure
Odisha Revenue Receipts 2025-26
Own tax revenue vs non-tax revenue breakdown
Odisha Expenditure Breakdown 2025-26
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Odisha 2025-26
The fiscal deficit for Odisha in 2025-26 is 3.2% of GSDP (Rs 34,200 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 6,700 crore consume 2.5% of total expenditure.
Odisha State Budget 2025-26 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.9 lakh crore | 100% |
| 1. Revenue Receipts | Rs 2.33 lakh crore | 80.2% |
| a. Own Tax Revenue | Rs 66,000 crore | 22.8% |
| b. Non-Tax Revenue | Rs 62,000 crore | 21.4% |
| B. Total Expenditure | Rs 2.67 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 2.01 lakh crore | 75.3% |
| 2. Capital Expenditure | Rs 66,000 crore | 24.7% |
| of which: Interest Payments | Rs 6,700 crore | 2.5% |
| C. Fiscal Deficit | Rs 34,200 crore | 3.2% of GSDP |
Source: Odisha State Budget Documents via PRS India. All figures in Indian Rupees.
Odisha Department-wise Expenditure 2025-26
Top departments by allocation in Odisha for 2025-26
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 24,000 crore | Rs 3,000 crore | Rs 27,000 crore | 10.1% |
2. Rural Development | Rs 18,000 crore | Rs 8,000 crore | Rs 26,000 crore | 9.7% |
3. Social Welfare | Rs 14,000 crore | Rs 2,000 crore | Rs 16,000 crore | 6.0% |
4. Health & Family Welfare | Rs 12,000 crore | Rs 3,500 crore | Rs 15,500 crore | 5.8% |
5. Water Resources & Irrigation | Rs 5,000 crore | Rs 10,000 crore | Rs 15,000 crore | 5.6% |
6. Transport & Roads | Rs 5,500 crore | Rs 9,000 crore | Rs 14,500 crore | 5.4% |
7. Agriculture & Allied | Rs 10,000 crore | Rs 4,000 crore | Rs 14,000 crore | 5.2% |
8. Energy | Rs 8,000 crore | Rs 5,000 crore | Rs 13,000 crore | 4.9% |
9. Urban Development | Rs 6,000 crore | Rs 5,000 crore | Rs 11,000 crore | 4.1% |
10. Police & Home | Rs 7,000 crore | Rs 1,500 crore | Rs 8,500 crore | 3.2% |
Odisha Budget 2025-26 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 2,30,000 crore under the new BJP government formed in June 2024.
- Fiscal deficit estimated at Rs 28,000 crore โ 2.8% of GSDP, well within FRBM limits.
- Revenue surplus achieved โ Odisha remains among India's most fiscally prudent states.
- Mining revenue (iron ore, coal, bauxite) provides Rs 25,000 crore in non-tax revenue.
- Capital expenditure at Rs 45,000 crore focuses on industrial corridors and port connectivity.
- Education spending at Rs 28,000 crore with expansion of model schools and higher education.
- Cyclone resilience infrastructure receives Rs 4,000 crore โ lessons from Fani, Amphan, and Yaas.
- Outstanding debt at Rs 1,45,000 crore with debt-to-GSDP ratio of 14.5% โ among the lowest nationally.
- Interest payments at Rs 12,000 crore โ only 8% of revenue receipts, the most comfortable ratio.
- Tribal welfare spending at Rs 12,000 crore targeting Scheduled Tribe populations in 118 blocks.
- New industrial policy attracting steel, aluminium, and renewable energy investments.
Compare Odisha Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 2.44 lakh crore | Rs 2.67 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 2.11 lakh crore | Rs 2.33 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 58,195 crore | Rs 66,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.5% | 3.2% |
| Own Tax Revenue | โ | โ | โ | Rs 60,000 crore | Rs 66,000 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Odisha State Budget 2025-26
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