Bhubaneswar, November 23 (LocalWire): Odisha has registered an overall 9 per cent growth in revenue generation, with an aggregate collection of Rs 7,399 crore, during the April to October 2019 period.
“While the overall growth in revenue generation stood at 9 per cent, the growth in non-tax sources stood at 12.24 per cent,” Finance Department principal secretary AK Meena said while presiding over a high-level meeting on Saturday.
The revenue generation from mining royalty and water rate increased around 11 per cent and 46 per cent respectively.
The total collection from mining royalty was Rs 6,054.93 crore as against Rs 5,436.54 crore by the end of October in 2018.
Similarly, revenue generation from own tax sources also increased by 7.56 per cent with a total collection of Rs 17,510 crore, up from Rs 16,279 crore during the same period in the last fiscal.
The total revenue generation from both the sources during the period in FY 2018-19 increased by 9 per cent over the corresponding period last year.
In real terms, while the total revenue touched Rs 24,909 crore by end of October 2019, the budget utilisation kept pace with it and grew by 16 per cent over the last fiscal.
The total expenditure by end of October during the current fiscal stands at Rs 60,848.21 crore, as against last year’s expenditure of Rs 52, 525.40 crores.