Chief Minister and Finance Minister Mohan Charan Majhi is set to present the State Budget for the 2026-27 financial year today at 4:00 PM in the Assembly. Following last year’s ₹2.90 lakh crore outlay, this year’s budget is estimated to touch a record ₹3.10 lakh crore.
Odisha currently leads the nation in capital expenditure, which stood at 6.11% of the GSDP last year. Experts anticipate a significant hike in this sector to further boost infrastructure.
Key Focus Areas:
Flagship Schemes: Major allocations are expected for the Subhadra Yojana, Samruddh Kisan Yojana, and the Odisha AI Mission.
Urban & Rural Growth: Funding for the CM’s Road Transport and Housing schemes remains a priority.
New Initiatives: Announcements regarding Swachh Odisha and the Shri Jagannath Darshan Yojana are highly anticipated.
The state’s fiscal health remains strong as it balances welfare spending with aggressive capital investment.