The Naveen Patnaik government on Tuesday presented its 2014-15 budget of Rs 80139.58 crore, its biggest budget in 14 years, proposing increased tax on liquor as well as petrol and diesel. The budget is 33 per cent higher than Rs 60,303 crore budget of last fiscal year.
The government has hiked the tax rate on liquor from 20 per cent to 25 per cent and on petrol and diesel from 18 per cent to 20 per cent.
“The empowered committee of state finance ministers has recommended minimum tax rate of 20 per cent on petrol and diesel, Further, the price of petrol and diesel being lower than the prevailing price in most other states, the increase in the rate will bring parity with the neighbouring states,” said Finance minister Pradip Amat, while presenting the budget.
For the first time, Orissa’s plan outlay has been fixed at a staggering Rs 40,810 crore, more than 90 per cent increase. The plan outlay includes Rs 38,810 crore for the government sector and Rs 2,000 crore for the public sector undertakings. Non-Plan expenditure has been estimated at Rs 4,07,11.01 crore, an increase of 7.30 per cent over the budget estimates of 2013-14. The state plan, central plan and centrally-sponsored Plan has been estimated at Rs 38,810 crore, Rs 609.42 crore and Rs 9.15 crore respectively. The state’s tax and non-tax revenue has been pegged at Rs 27,886.65
Amat announced several new schemes including Rs 150 crore ‘Mukhya Mantri Sadak Yojana’ to improve road connectivity in rural areas. In the energy sector, the finance minister allocated Rs 100 crore for state capital region improvement in power system for providing a disaster resilient power system capable of providing quality and reliable power.