The Government of Odisha introduced the Participatory Budget Initiative in the year 2016. Participatory Budget Initiative is a budget consultation process wherein, the citizens of the State get the opportunity to give their views for preparation of the State budget. The engagement of the citizens in the process of formulation of State Budget is one of the most important tenets of good governance. The Participatory Budget Initiative was facilitated by the Government through the web portal on the Finance Department’s website, Short Messaging Services & Electronic Mails. All these three channels were active for a fortnight starting from 1st January, 2016 to 15th January, 2016. In this span of just over two weeks, the response received from the public was encouraging. Through the Participatory Budget Initiative, the People of Odisha have put forth their views and suggestions for spending public money as well as for resources to finance the Budgetary Outlays.Besides, various interest groups such as farmers, civil society representatives, representatives of the trade & industries, experts etc. participated in Pre-Budget Consultation meeting invited by the Honorable Minister of Finance. Valuable inputs and suggestions from the People of our State have formed the foundation of this year’s budget.
CEFT in collaboration with the Finance Department, Government of Odisha was thoroughly involved in the Budget Consultation Process. The compilation of the data and its analysis was a major part of the responsibility given to CEFT. The team actively participated in the pre-budget consultation meetings organized with the stakeholders. The process put CEFT at the centre of the budgetary process, giving it a lot of responsibility along with extensive exposure.This cooperative coordination will continue prior to the Budget announcement every year.
On 1 January 2016, the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development — adopted by world leaders in September 2015 at an historic UN Summit — officially came into force. Over the next fifteen years, with these new Goals that universally apply to all, countries will mobilize efforts to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind.
CEFT in collaboration with the Planning and Convergence Department, Government of Odisha, is actively involved in the preparation of a document that encompasses both, the Sustainable Development Goal Targets and the Vision – 2036 for the state.
The first draft for both the parts has been submitted. The assignment is work in progress and will continue until the final draft is arrived at and sent in for printing.
The annual time-series database for Odisha has been compiled for the period 1936-37 to 2016-17. All the data prior to the 1980s are obtained from the ‘Conspectus of Orissa Budgets’ published by the Finance Department, Government of Odisha. The data relating to Gross State Domestic Product, Per Capita Income, Revenue Indicators, Expenditure Indicators, Debt Indicators and Deficit Indicators for the same period are covered in this database.
CEFT in collaboration with the Directorate of Economics and Statistics, Odisha is engaged in preparing a database of all relevant Time-Series Socio-Economic Indicators for Odisha. CEFT has been designated as a “Knowledge Partner” in this ambitious initiative.
For this purpose, an Advisory and Review committee will be constituted. It will comprise of representatives from Finance Department, Government of Odisha, Directorate of Economics and Statistics, Odisha and CEFT. This committee will meet once in a month to review the progress of the database compilation.
Review committee will consist of nodal of officers of CEFT and DES. This committee will meet once in every fortnight to discuss the work in progress and way forward on the database of Odisha.
The ambition is to frame a meta-database portal on the lines of https://data.gov.in/
Study Reports are prepared on topics encompassing various areas of public finance in general and sub-national finances in particular. Detailed analyses are carried out by the team members on - implications of various policy decisions of the government, fiscal performance of states, comparative studies of expenditure ratios etc. These are brought out as and when the studies are completed.
These comprise of the various analyses carried out by the team members in multiple areas pertaining to public finances. These are different from the study reports in that, these papers have been published in various peer-reviewed journals :
Half-yearly reports and Annual reports of the Government of Odisha depict the financial position along with accounts of the receipts and disbursements of the Government by capturing both revenue & capital accounts and the accounts of the Public Debt and liabilities :