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Odisha Budget: Spending, Capital Outlay, Fiscal Deficit and Central Tax Share

Odisha's budget is Rs 2,65,000 crore, of which Rs 58,000 crore (21.9%) is capital outlay for building assets. The fiscal deficit is 2.95% of the State's GSDP, and its share of central taxes is Rs 53,046 crore.

2024-25 (BE) & 2023-24 (RE) · compiled from State Budget Books (Demands for Grants) & RBI State Finances Study; figures as compiled, not a live feed

Odisha budget at a glance

ItemAmount
Total budgetRs 2,65,000 crore
Revenue expenditureRs 1,92,000 crore
Capital outlayRs 58,000 crore (21.9% of the budget)
Own tax revenueRs 60,500 crore
Share of central taxesRs 53,046 crore
Grants from the CentreRs 34,800 crore
GSDPRs 9,35,000 crore
Fiscal deficit2.95% of GSDP

Where Odisha spends: major heads

Head of accountAmountShare of budgetCovers
Education (2202)Rs 33,800 crore12.8%School & mass education, 5T high school transformation
Agriculture (2401)Rs 24,800 crore9.4%KALIA, irrigation networks, millet mission
Rural development (2501)Rs 21,000 crore7.9%Rural piped water, panchayat infrastructure
Health (2210)Rs 19,700 crore7.4%BSKY assurance, district medical colleges
Roads and bridges (3054)Rs 18,200 crore6.9%Biju Setu Yojana, state highway expansions
Debt interest (2049)Rs 9,200 crore3.5%Low debt state: interest burden under 4%
Police security (2055)Rs 6,400 crore2.4%State police force and coastal security

Odisha's share of central taxes: releases announced

Financial yearAnnounced in releases
2026-27Rs 4,819.00 crore
2025-26Rs 4,601.00 crore
2024-25Rs 22,230.72 crore
2023-24Rs 15,094.69 crore
2022-23Rs 16,964.62 crore
2021-22Rs 4,305.32 crore
DateReleaseTo OdishaShare
1 Aug 2026Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditureRs 4,819.00 crore4.42%
1 Oct 2025In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolutionRs 4,601.00 crore4.528%
10 Jan 2025Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expendituresRs 7,834.80 crore4.528%
10 Oct 2024Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024Rs 8,068.00 crore4.528%
10 Jun 2024Centre releases Rs. 1,39,750 crore installment of Tax Devolution to StatesRs 6,327.92 crore4.528%
29 Feb 2024Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Governments for financing various social welfare measures and infrastructure development schemesRs 6,435.00 crore4.528%
7 Nov 2023Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th NovemberRs 3,303.69 crore4.528%
12 Jun 2023Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 croreRs 5,356.00 crore4.528%
10 Mar 2023Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditureRs 6,399.00 crore4.56%
10 Nov 2022Two instalments of tax devolution to State Governments amounting toRs 5,283.00 crore4.528%

Covers the instalments announced through press releases (extra or advance instalments, and some regular ones). Regular monthly instalments without a release are not included, so yearly sums here are not the full year's devolution. Source: Ministry of Finance press releases (Press Information Bureau).

More about Odisha

Union and all State budgets · Tax devolution and the 15th Finance Commission simulator