Bhubaneswar: The Odisha Government has presented a budget of ₹3,10,000 crore for the year 2026-27.
Out of this, the government expects to earn ₹2,48,500 crore from taxes, mining royalty, and funds from the Centre.
The remaining money will come from loans.
The government plans to take ₹47,800 crore as new loans this year.
What is a Budget?
A budget is the government’s yearly plan:
How much money it will earn
How much money it will spend
Where it will spend it
Where Does the Money Come From?
Out of ₹3.10 lakh crore:
Around ₹2.48 lakh crore will come from taxes, mining income and funds from the Central Government.
Around ₹47,800 crore will come from loans.
So, the government is also borrowing money to run the state.
Also Read: Daily Morning Brief | 21 February 2026
How Much Debt (Loan) Does Odisha Have?
As per Data Total old debt: ₹1,20,710 crore
After new borrowing, total debt may reach about ₹1.55 lakh crore
Loan burden per person: Around ₹27,625
The government will also:
Pay ₹22,000 crore to repay old loans
Pay ₹8,200 crore as interest
This means a big part of the budget goes to managing loans.
16 New Initiatives in Budget 2026-27
The government has announced 16 new initiatives:
V-B-GRAM G – ₹5,575 crore
Samrudha Anganwadi Yojana – ₹635 crore
100 Smart Farm Markets (Model Mandi) – ₹100 crore
Mukhyamantri Kanya Sumangala Yojana
Chief Minister Smart City Mission – ₹100 crore
World’s Largest Grain Storage Plan – ₹240 crore
Rare Earth Corridor – ₹10 crore
State Institute for Transformative Initiatives – Odisha (SITI-Odisha)
Connectivity to Unconnected Habitations – ₹1,000 crore
Jagannath Interpretation Centre at Puri
World Tourism Center (WTC) at Puri
State AI Mission – ₹23 crore
Tourism Land Bank Scheme – ₹150 crore
DALKHAI – ₹220 crore
Chief Minister’s Economic Advisory Council
Fit Odisha Mission – ₹10 crore
Where Will the Money Be Spent?
Farmers & Agriculture
Large amounts are kept for farmer support schemes like:
Samrudha Krushaka Yojana
CM KISAN
Irrigation projects
Health
Major spending on:
Gopabandhu Jana Arogya Yojana
Swasthya Seva Mission
National Health Mission
Education
Money for:
Government schools
Mid-day meals
Samagra Shiksha
Adarsha Vidyalayas
Women & Child Welfare
Subhadra Yojana gets over ₹10,000 crore
Anganwadi and nutrition programmes get strong support
Rural Development
Jal Jeevan Mission (drinking water)
Rural roads
Housing schemes
Village development
Roads & Infrastructure
Thousands of crores for:
Roads
Bridges
Rail projects
Bus stands
Aviation
Social Security
Money for:
Old age pension
Destitute pension
Support for senior citizens
In Simple Words
The government is spending heavily on:
Farmers
Women and children
Health
Rural development
Roads and infrastructure
But at the same time, the state is also borrowing money and paying large interest.
What It Means for Common People
More welfare schemes
Continued pension support
Focus on rural development
More infrastructure projects
However, rising debt is something to watch in the coming years.
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