Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
The Hindu
Odisha CM presents ₹2,90,000 crore budget for 2025-26, focusing on capital expenditure, road network, and women's welfare schemes.
Odisha Chief Minister Mohan Charan Majhi on Monday (February 17, 2025) presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product.
Presenting his first full budget after Bharatiya Janata Party (BJP) came to power in Odisha in June 2024, Mr. Majhi said, “I propose the Budget Estimates for the year 2025-26 for ₹2,90,000 crore. I propose to increase the Programme Budget to ₹1,70,000 crore in the Budget Estimates, 2025-26, which is about 59% of the total Budget Estimates. Capital Outlay of ₹65,012 crore estimated in this Budget is 6.1% of the GSDP, one of the highest among all major States in the country.”
The outlay of ₹2,90,000 crore is proposed to be financed mainly through revenue receipts of ₹2,32,000 crore and borrowing and other receipts of ₹58,000 crore, says budget document.
“We will be able to generate revenue surplus of about 3% GSDP and fiscal deficit will be limited to 3.2% of GSDP for the year 2025-26. Thus, the Annual Budget, 2025-26 would be Fiscal Responsibility and Budget Management compliant,” he said.
The BJP government has given emphasis on strengthening road network further by proposing to create an autonomous body ‘Highways Authority of Odisha’ on the lines of National Highways Authority of India.
“We are bringing out a progressive road policy converging the efforts of departments like Works [including national highways], rural development, housing and urban development, water resources and panchayati raj and drinking water. Together, these departments will build 75,000 km of world class roads till 2029-30,” he announced.
Apart from the major roads such as Atal Expressway linking Motu in Malkangiri to Tiring in Mayurbhanj, along with critical road corridors such as Jharsuguda–Balasore, Nuapada–Astarang, Brundabahal–Gopalpur, Brahmapur–Jeypore, Jeypore–Rourkela, and Rourkela–Jaleswar, the government proposed to spend ₹13,000 crore on Comprehensive City Road Decongestion Plan to ease traffic flow and improve mobility in Bhubaneswar and ₹6,502 crore for improvement of 3,000 km of road and development of Berhampur-Jeypore six lane green field expressway.
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