By Bizodisha Bureau, Bhubaneswar, February 20, 2026: Odisha Chief Minister Mohan Charan Majhi on Friday presented a record Rs 3.10 lakh crore budget for 2026-27 in the Legislative Assembly emphasising inclusive development under the guiding framework of Garib, Youth, Annadata and Narishakti (GYAN).

The State’s Gross State Domestic Product (GSDP) is projected to grow at 7.9% in FY 2025-26, with an aspirational nominal growth target of 12% in FY 2026-27, pushing the economy to Rs 11.07 lakh crore. He praised the State’s adherence to the Odisha Fiscal Responsibility and Budget Management (FRBM) Act, earning appreciation from NITI Aayog and RBI.

As per the Budget at a Glance document, total receipts and total expenditure are both estimated at Rs 310,000 crore. Revenue receipts are projected at Rs 248,500 crore, up from Rs 231,000 crore (RE) in 2025-26, comprising tax revenue of Rs 137,460.46 crore and non-tax revenue of Rs 111,039.54 crore. Capital receipts are estimated at Rs 48,500 crore, mainly from borrowings.

Revenue expenditure is pegged at Rs 215,500 crore and capital expenditure at Rs 94,500 crore, including a capital outlay of Rs 72,100 crore that underscores Odisha’s emphasis on infrastructure. The budget projects a revenue surplus of Rs 33,000 crore and a fiscal deficit of Rs 38,800 crore. The budget reinforces decentralised governance with Rs 50,000 crore transfer to local bodies over 2026-31 (as recommended by the 6th State Finance Commission) and additional central grants of Rs 18,715 crore.

The Chief Minister thanked Prime Minister Narendra Modi for increased devolution of central taxes (41% share as per 16th Finance Commission) and Odisha-specific Union Budget allocations, including Rs 10,928 crore for railways, over Rs 15,000 crore for 400 km of national highways, and support for rare earth corridors, National Waterway-5 and port-led industrialisation. The State will contribute Rs 10 crore to fast-track rare earth investments.

Majhi also flagged the persisting gap in basic amenities 78 years after Independence. He launched **Mission PoWaR** (Power, Drinking Water and Last-Mile Road Connectivity) to deliver Sadak, Bijli and Pani to every revenue village by 2026-27 on the principles of Speed, Scale and Standard.

He also announced significant cultural and spiritual initiatives for the Shree Jagannath Temple in Puri by allocating Rs 1,000 crore for a world-class Shree Jagannath Interpretation Centre and restoration of Gundicha Mandir, Emar Math, Pramod Udyan,Raghunandan Library and Rs 5 crore grant-in-aid for a comprehensive inventory of Ratna Bhandar ornaments. Besides, he announced the launch of “Digital Hundi – SAMARPAN”, a secure online donation platform integrated with the temple’s official portal.

The budget advances the state’s vision of rapid economic growth with focus on agriculture, rural development, tourism, and emerging sectors. Key allocations include enhanced support for farmers, women and child welfare schemes, smart farm markets, grain storage infrastructure, and tourism promotion. Notable investments also cover development of Hirakud Reservoir and cultural initiatives.

This fiscal plan reflects Odisha’s commitment to balanced development, fiscal discipline, and effective welfare delivery, Majhi claimed.