Odisha cabinet approves Rs 2 lakh crore budget for FY22-23
ECONOMY & POLICY

Odisha cabinet approves Rs 2 lakh crore budget for FY22-23

The Odisha cabinet approved an annual budget of approximately Rs 2 lakh crore for the financial year (FY) 2022-2023.

Even though the complete budget has been approved, finance minister Niranjan Pujari presented the state parliament with a vote-on-account for four months (April-July) on March 30.

A senior official told the media that as it was not possible to pass the entire budget during this ongoing session, they will seek the vote-on-account for four months. The four-month outlay is likely to be around Rs 90,000 crore.

On March 31, the appropriation bill would be passed to enable the government to spend money from the state exchequer from April 1, the beginning of the new FY2022-23.

According to the media sources, provisions would be made for continuing all current programs/schemes, including the salary and pension of state government workers and retirees, even though the state government seldom makes preparations for new schemes in the vote-on-account.

Among the ongoing programmes, schemes aimed at reducing poverty, increasing farmers' income through crop diversification and direct benefit transfer, providing piped drinking water to all, would enable quality education and skill development, provide quality physical infrastructure for enhancing economic activities, and empowering women are expected to receive significant funding in the four-month budget.

Some of the state government's top priorities, including the transformation of Puri, the rehabilitation of Lingaraj, the upgrade of SCB medical college and hospital, and other tourist infrastructure development, are expected to get significant funding in the budget.

Following the council of ministers meeting, a meeting of the state cabinet was held, in which 27 proposals from various ministries were adopted. As the state assembly is in session, no details of the cabinet decision have been published.

Image Source

Also read: Odisha's Malkangiri Airport to become functional by Jan 2024

The Odisha cabinet approved an annual budget of approximately Rs 2 lakh crore for the financial year (FY) 2022-2023. Even though the complete budget has been approved, finance minister Niranjan Pujari presented the state parliament with a vote-on-account for four months (April-July) on March 30. A senior official told the media that as it was not possible to pass the entire budget during this ongoing session, they will seek the vote-on-account for four months. The four-month outlay is likely to be around Rs 90,000 crore. On March 31, the appropriation bill would be passed to enable the government to spend money from the state exchequer from April 1, the beginning of the new FY2022-23. According to the media sources, provisions would be made for continuing all current programs/schemes, including the salary and pension of state government workers and retirees, even though the state government seldom makes preparations for new schemes in the vote-on-account. Among the ongoing programmes, schemes aimed at reducing poverty, increasing farmers' income through crop diversification and direct benefit transfer, providing piped drinking water to all, would enable quality education and skill development, provide quality physical infrastructure for enhancing economic activities, and empowering women are expected to receive significant funding in the four-month budget. Some of the state government's top priorities, including the transformation of Puri, the rehabilitation of Lingaraj, the upgrade of SCB medical college and hospital, and other tourist infrastructure development, are expected to get significant funding in the budget. Following the council of ministers meeting, a meeting of the state cabinet was held, in which 27 proposals from various ministries were adopted. As the state assembly is in session, no details of the cabinet decision have been published. Image Source Also read: Odisha's Malkangiri Airport to become functional by Jan 2024

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?