Bhubaneswar: The Xavier Institute of Management, Bhubaneswar (XIMB) in collaboration with the State Government organised a pilot edition of Odisha Budget Conclave, the People’s Budget 2020-21, here on Saturday.
The goal of the conclave was to showcase an elaborate and intricate analysis of the Odisha Budget and how it is going to shape the State’s economy in the coming financial year.
Rajya Sabha member Dr Amar Patnaik, NABFINS Chairman Jugal Kishore Mohapatra, OERC Chairman Upendra Nath Behera and Finance Principal Secretary Ashok Kumar Meena attended as speakers.
Prof Subha Kant Padhi moderated the panel discussion on how the Odisha Budget 2020-21 was prepared. The speakers narrated the topic and gave their views.
Meena introduced the audience to the provisions of the budget. He also shed some light on the new aspects of the budget that incorporated structural and formative changes. He spoke about the separate Agriculture Budget.
Dr Patnaik spoke about the sectored structure of the budget which included the Nutrition Budget, the Agriculture Budget and how this provision should aim at achieving synergy between the Central Government and the State Government’s Agricultural Departments to reap maximum benefits for the farmers.
Mohapatra illuminated the audience on how the budget should be evaluated to encompass the quality of resource mobilisation, expenditure allocation, fiscal management and liability of estimate. He said the budget must be credible and absolutely.
Behera expressed his views about the robustness of the budget wherein, with the aid of minimum support price and subsidy, the problem of poverty and hunger could be tackled.
Later, the speakers answered to various question of students relating to the budget.