February 28th 2025.
The Chief Minister of Odisha, Mohan Charan Majhi, has set a goal to spend 85% of the budget estimates for the 2024-25 fiscal year. This is an increase from the 81% expenditure achieved in the previous year, as stated in an official statement. Majhi, who is also responsible for the Finance portfolio, discussed this target during a review of departmental expenditures on Thursday.
Despite facing challenges such as elections, government transition, and the delayed budget presentation in September, Majhi expressed satisfaction with the current level of spending. To ensure the goal is met, the Chief Minister advised ministers to approve expenditure proposals and clear any pending payments related to welfare schemes. This will help in achieving the desired expenditure target.
In addition, the statement released by the Chief Minister's Office (CMO) highlighted that Odisha has allocated 6.1% of its Gross Domestic Product (GDP) towards capital expenditure, which is the highest in the country. Majhi emphasized the importance of program expenditure and capital expenditure for the overall growth of the state.
The statement further mentioned that departments such as Agriculture, Fisheries and Animal Resources, Health, Water Resources, Works, Social Security & Empowerment of Persons with Disabilities, Food Supplies and Consumer Welfare, and Cooperatives have shown good levels of expenditure. This reflects the commitment of the state government towards the development of these sectors.
Overall, the Chief Minister remains determined to achieve the set expenditure target and ensure the growth and progress of Odisha. With the support of all departments and timely approvals, the state is on track to successfully meet its expenditure goals for the upcoming fiscal year. This will ultimately contribute to the overall development and well-being of the people of Odisha.
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