Odisha govt presents rs 1.39 lakh cr budget for fy20.

• Position: Odisha, India - Brief article

Projecting economic growth in the range of 8-8.5 percent, the Odisha government on Friday presented the annual budget of Rs 1.39 lakh crore for the 2019-20 fiscal. The outlay of the state budget, tabled by Finance Minister Niranjan Pujari in the assembly, is about 15.8 percent more than that of 2018-19. Noting that Odisha's economy is expected to grow at 8.35 percent in 2018-19 - surpassing the all India growth rate of 7.2 percent - he said the outlay is proposed to be financed by revenue receipts of Rs 1,15,266 crore and Rs 23,734 crore through borrowings and other receipts. The total administrative expenditure is estimated at Rs 57,310 crore, which includes Rs 25,500 crore for salaries, Rs 13,300 crore for pension, Rs 6,500 crore for interest payment and...