Bhubaneswar, February 20: Chief Minister Mohan Charan Majhi on Friday presented a Rs 3.10 lakh crore State budget for the financial year 2026–27, outlining the BJP Government’s roadmap for growth, welfare, and infrastructure expansion.
The capital outlay stands at Rs 72,100 crore, accounting for 6.5% of the Gross State Domestic Product (GSDP) and 23.3% of the total State Budget, thereby positioning Odisha among the top States in infrastructure spending, targeting roads, bridges, and economic corridors to fuel long-term growth.
While the total Debt Stock stands at Rs 1,55,710 crore, Per Capita Debt stands at Rs 27,625 crore.
Total Borrowing, including Cash Balance Drawdown in 2026-27 Budget Estimate is Rs 60,800 crore.
The record Rs 3.10 lakh crore outlay reflects a strong push toward infrastructure, social welfare, and long-term economic transformation.
Odisha has crossed the Rs 3 lakh crore milestone for the first time, expanding from Rs 2.90 lakh crore last year.
The Programme expenditure stands at Rs 1.80 lakh crore (nearly 58% of the total) underlining a strong welfare and development focus.
The Budget aims to focus on strengthening social sector spending, boosting capital investment, and accelerating economic development across key sectors.
The Government has introduced as many as 16 new initiatives spanning rural development, childcare, technology, tourism, and food systems.
Key programmes included VB-G RAM G Yojana (Rs 5,575 crore) for rural and agricultural growth and Samruddha Anganwadi Yojana (Rs 635 crore) to upgrade childcare and nutrition centres.
The Budget has given strong push for Agriculture Modernisation with an allocation of Rs 42,492 crore for agriculture and allied sectors. Plans include 100 Smart Farm Markets and model mandis to modernise agricultural marketing and improve farmer incomes.
