Bhubaneswar: Revenue generation in the state has reached an all-time high by the end of 2017-18 financial year.

This was revealed at the all secretaries' meeting presided over by chief secretary Aditya Prasad Padhi at the secretariat here on Wednesday.

Finance secretary Tuhin Kanta Pandey said the total revenue collection in 2017-18 has been to the tune of Rs 84,793 crore, which is around 22.24 per cent of the total gross state domestic product (GSDP). Besides, revenue collection in 2017-18 also grew by around 14 per cent in comparison to the previous year. The total collection in 2016-17 fiscal was around Rs 74,229 crore, which grew up to Rs 84,793 crore in the next fiscal.

Padhi directed all secretaries to scale up budgeted utilisation during May and June in the current financial year. Finance secretary Pandey said that fiscal indicators of the state saw healthy trends in 2017-18. Capital outlay grew to 5.6 per cent of the GSDP at Rs 21,357 crore, which was an all-time high. The state's own tax revenue registered a growth of 16.22 per cent over the previous year with total collection of Rs 35,912 crore. The debt stock was also at 17 per cent of GSDP, well within the prescribed limit of 25 per cent.

The beginning month of the current fiscal, 2018-19, has shown a positive indication. The total revenue collection from own tax sources has grown around 45 per cent over the corresponding period of the last fiscal. The total collection by April this year has been Rs 1,888 crore as against Rs 1,302 crore by April last year. Revenue collection from non-tax sources by April this year has grown around 40 per cent with a total collection of Rs 608 crore against total collection of Rs 434 crore last year.

Use of budgeted allocation in infrastructure sector by April this year has reached Rs 502 crore, registering a growth of two percent over the same period in the last fiscal. The expenditure in social sector has gone up by more than 100 per cent over the corresponding period of the previous year. The total expenditure in the social sector by April end this year has been around Rs 548 crore against Rs 262 crore in April last fiscal.