State government outlines massive expenditure for rapid economic growth
Odisha Government recently unveiled its financial roadmap for the upcoming fiscal year, signaling a period of robust investment. Officials presented the Odisha Budget 2026-27, revealing a monumental total budget size of ₹3.10 lakh crore. This impressive figure accounts for exactly 28.0% of the Gross State Domestic Product (GSDP), indicating a strong and aggressive push toward comprehensive state growth and modernization.
Financial planners have clearly prioritized statewide progress. They allocated a staggering ₹2,28,038 crore specifically dedicated to development expenditure. Such a massive amount represents roughly 73.6% of the entire budget, showcasing a commitment to tangible improvements across various districts.
Looking closely at the sector-by-sector breakdown, social initiatives take a prominent front seat. Authorities earmarked ₹1,25,583 crore for the social sector, making up 40.5% of the total Odisha social sector budget. This funding will likely bolster education, healthcare, and welfare programs for millions of residents.
Meanwhile, the economic sector is set to receive significant attention with an allocation of ₹1,02,455 crore, absorbing 33.1% of the available funds to spur Odisha economic development. Furthermore, programme expenditure will see an infusion of ₹1.80 lakh crore, representing a solid 58.1% of the overall financial plan. Infrastructure upgrades and long-term asset creation remain crucially important to the administration. This priority is clearly reflected in the Odisha capital outlay of ₹72,100 crore, which translates to 6.5% of the GSDP.
State fiscal health appears notably robust based on the provided budget snapshot. Financial experts project a healthy revenue surplus reaching ₹33,000 crore, equivalent to 3.0% of the GSDP. When analyzing the Odisha fiscal deficit, policymakers presented two distinct figures for better clarity. Including the SASCI loan, the fiscal deficit stands at ₹38,800 crore, or 3.5% of GSDP. If we exclude the SASCI loan from the calculation, that deficit number drops down to ₹29,800 crore, settling at 2.7% of GSDP.
Finally, the administration outlined the total accumulated debt stock. Records show it standing at ₹1,55,710 crore. By keeping this debt at a manageable 14.1% of the state's GSDP, the government aims to smartly balance aggressive development goals with responsible, long-term financial management.
