By Our Correspondent in Bhubaneswar February 03, 2015 :

Odisha recorded a four percent increase in revenue collection by December 2014 against the same period of 2013.

By December 2013, revenue worth Rs.16,167 crore was collected while the tax and non-tax revenue has marginally gone up to Rs.16,792 crore by December 2014 registering a growth of four percent. This was revealed at a top official level meeting chaired by chief secretary, G C Pati.

The plan outlay has shot up to 77%. The government’s plan expenditure in various schemes was pegged at Rs 19,382 crore by December 2014 compared to Rs 10,935 crore in 2013. There is a sharp increase of 68% in plan expenditure in agriculture and allied sector, officials said adding that against an expenditure of Rs 2400 crore at the end of 2013-14 in this sector, Rs 4036 crore has been spent in this fiscal so far.

The state also recorded a rise of 13% in own tax revenue. In on-tax revenue, there had been a noticeable slide in mining sector.

The expenditure is in tune with the cash management system (CMS) that mandates at least 60% spending by the end of December.

CMS was introduced to arrest rush in expenditure towards the fag end of any fiscal. The government collected Rs.12,229 crore by December 2014 against Rs.10,779 by December 2013.

Pati cautioned the officials that the unspent money would be returned to the finance department.