Following is from a report in Pragativadi.

The 2007-08 fiscal has ended in a satisfactory note in Orissa with a revenue surplus of Rs 4,296.81 crore and a fiscal surplus of Rs 1,410.70 crore as per the pre-actual communicated by the State Accountant General. 

It may be mentioned here that the state had a revenue deficit of Rs 2,574.19 crore and Rs 2,833.75 crore in 1999-2000 and 2001-02 respectively.

The state’s own tax and non-tax revenue collection has reached the level of Rs 9,008.77 crore in 2007-08 excluding debt relief as against collection of Rs 7,890.38 crore in 2006-07. 

However, it has registered a growth rate of 14.18 per cent over the previous year’s collection.
The state’s own revenue, including debt relief during 2007-08 was Rs 9390.67 crore against the projected target of Rs 8,196.28 crore. 

State’s own revenue was Rs 2,420.567 crore in 1999-200 and Rs 4,369.28 crore in 2003-04.
The Plan size of the state was increased to Rs 5,105 crore in 2007-08 as against the Plan size of Rs 3,309.17 crore in 1999-2000. 

Similarly, the State Plan Expenditure in the government sector in 2007-08 has gone up to Rs 5,696.83 crore from the level of Rs 3,496.65 crore.

The developmental expenditure (both in Plan and non-Plan taken together), comprising expenditure under social and economic sector has gone up to Rs 13,059.07 crore in 2007-08. 

However, the non-developmental expenditure has gone down. 

All these are indicative of improvement in the quality of the public expenditure, Finance Minister Prafulla Chandra Ghadai said, adding that the state is gradually moving away from debt stress to debt sustainability. 

Interestingly, the debt stock has come down to 37.73 per cent in 2007-08 from 40.87 per cent in 2006-07.