Odisha Budget 2026-27
Annual Financial Statement for FY 2026-27 was presented by Chief Minister Mohan Charan Majhi (who also holds the Finance portfolio) in the Odisha Legislative Assembly on February 20, 2026. This is the first budget exceeding ₹3 lakh crore, marking a significant step toward the state’s vision of becoming a USD 500 billion economy by 2036 and aligning with Viksit Bharat@2047 and Viksit Odisha@2036.
Key Figures
- Total Budget Size: ₹3.10 lakh crore (an increase of about ₹20,000 crore or ~6.9% over the previous year).
- Capital Outlay: ₹72,100 crore (a record high, 6.5% of GSDP and 23.3% of the total budget—one of the highest among major Indian states).
- Programme Expenditure: ₹1.80 lakh crore (58% of the budget, focused on schemes and development).
- Targeted Growth: State economy poised for ~8% real growth in 2026-27; overall emphasis on 12% growth trajectory in some announcements.
- Fiscal Targets: Aims to maintain revenue surplus and fiscal deficit within FRBM limits (around -3.5% of GSDP).
Major Focus Areas and Highlights
- Infrastructure & Capital Investment: Heavy emphasis on roads, economic regions, tourism (allocation up 25% to ₹1,023 crore, including ₹800 crore for a world-class museum in Bhubaneswar and marine aquarium projects), and connectivity.
- Health & Education: ₹23,182 crore for Health & Family Welfare. Announcement of 5 new medical colleges (Ayurvedic in Gajapati, Malkangiri, Rayagada; Homoeopathic in Nayagarh, Nuapada) with ₹140 crore provision. Also, 2 new engineering colleges.
- Social Welfare & Pension: Saturation coverage under Madhubabu Pension Yojana (MBPY)—bringing over 6 lakh excluded eligible senior citizens and vulnerable persons under social security pensions immediately.
- Women & Girls Empowerment: Strong focus with schemes like Kanya Sumangal Yojana (enhanced benefits) and other women-centric initiatives taking center stage.
- Rural Development & Agriculture: Big push via schemes like VB-G RAM G Yojana (₹5,575 crore), Samruddha Anganwadi Yojana (₹635 crore), Model Mandis development (₹100 crore), and agriculture/climate-related allocations.
- New Initiatives: 16 new schemes announced across sectors, including youth employment, green energy, tourism, manufacturing, and technology.
- Other Key Thrusts: Food security, human capital development, inclusive growth, and accelerated economic development in rural/urban areas.
The budget prioritizes inclusive, welfare-driven growth with high capital spending to boost jobs, infrastructure, and quality of life.
Official Sources for Full Details
- Official Budget Portal: https://budget.odisha.gov.in/ (includes highlights, speech, documents, economic survey, gender/child/nutrition budgets, etc.—check for latest PDFs and speeches).
- Finance Department: https://finance.odisha.gov.in/ (for circulars, estimates, and full budget documents).
- For live/recorded speech: Search for “Odisha Budget Speech 2026-27 Mohan Majhi” on YouTube (e.g., official assembly channels or news streams from Feb 20, 2026).