Experts express concern over declining percentage of state’s own share in state Budget:Annual growth by 2 percent and decline in tax contradictory
Bhubaneswar, 1st March 2017: (By Prasant Kumar Bhuyan) Experts in a seminar on state budget expressed concern over continuous declining percentage of states’ own revenue share in the state budget as presented in last few years. Due declining resource base the state’s dependence on central funding has gone up. That has affected taking development works in the state ahead they said.Former Finance Minister Panchanan Kanungo, Economist Prof Bhagabat Patro, Senior Journalists Rajaram Satpathy, Dillip Satpathy and Tapan Mishra central share in state Budget of 2017-18 has gone up to 49 percent. The state’s own share has gone down to 33 percent. It may be noted that Finance Minister Pradeep Amat had presented a budget of Rs 106910.87 crores in the state Assembly.However the experts found contradiction between this year economic survey which has pointed out that from annual growth of 6.1 in 2015-16 the growth has gone up to close to 8 percent in 2017 and 18. However 2 percent economic growth has failed to reflected in the more tax collection is self contradictory experts said.CYSD project Odisha Budget and Accountability Centre (OBAC) Coordinator Basanta Nayak presented the analysis of Odisha Budget and expressed concerns on various segments.Among others Social Activist Jagadananda and Centre for Budget and Accountability, New Delhi Director Subrat Das were present.People from various walks of life participated in the discussion.