Description

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Objective/Purpose of the Public authority.

The Finance Department, Government of Odisha is responsible for management of finances of the State Government starting from mobilization of resources-raising Tax and Non-Tax Revenue, borrowing from different sources like internal debt, Small Savings and Provident Fund etc. to efficient use of resources through formulation of Annual Budget and execution of Budget, Public Expenditure Management, keeping account of Receipt into and Expenditure from the public account of the State, ensuring Accountability of Public money through internal audit and compliance to external audit. It also renders Financial advice, acts as a referral department in the matter of conditions of service & pension, facilitates Credit from Banks and Financial Institutions.

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Mission/Vision Statement of The public authority.

Mission of the public authority is judicious and efficient management of the resources of the State and has been reflected in the following Acts and Rules:

1. The Odisha Fiscal Responsibility And Budget Management Act, 2005.
2. Delegation of Financial Powers Rules, 1978.
3. F.D. O.M. No.10954/F., Dt.14.3.01on austerity measures.
4. Rules Regulating Control and Use Of Govt. Vehicles.
5. Odisha General Financial power Rules.
6. Control of expenditure as per the Norms fixed from time to time.
7. Observance of recommendation of The 12^th Finance Commission.
8. Expenditure management as per the ways and means position of the State.
9. Resources mobilization through tax,non-tax revenue, loans, institutional finance, small savings, credit and Investment and public debt.
10. Preparation of State Budget, control of expenditure and management of ways and means Position.

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Brief history of the public authority and context of its Formation.

Finance Department is created to discharge function as per the subject allotted under Government Rules of Business

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Duties of the public authority.

Duties as per the provision of Constitution of India, other relevant Acts/ Rules pertaining to management of Public Finance and more precisely to discharge such other duties as per the Govt. Rules of Business.

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Main activities/ functions of the Public authority.

• Preparation of budget, appropriation of accounts, re-appropriations, surrender and savings.
• Control of expenditure and ways & means position.
• Audit
• Treasury administration
• Administration of Taxes i.e. Sales Tax, Entertainment Tax, Luxury Tax and Entry Tax etc.
• Service Conditions including Freedom Fighters Pensions.
• Resource mobilisation through loans, Institutional Finance, Small Savings, Credit and Investment and public debt.
• Financial concurrence and advice.
• Compilation of Codes, Rules and procedures concerning financial transactions and having bearing on State finance and their implementation.
• Safety and investment of funds from consolidated funds, contingency fund and public account.
• Contract, recovery and refund of revenue etc.

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List of services being provided by the public authority.

1. • Preparation of budget, appropriation of accounts, re-appropriations, surrender and savings.
   • Control of expenditure and ways & means position.
   • Audit
   • Treasury administration
   • Administration of Taxes i.e. Sales Tax, Entertainment Tax, Luxury Tax and Entry Tax etc.
   • Service Conditions including Freedom Fighters Pensions.
   • Resource mobilisation through loans, Institutional Finance, Small Savings, Credit and Investment and public debt.
   • Financial concurrence and advice.
   • Compilation of Codes, Rules and procedures concerning financial transactions and having bearing on State finance and their implementation.
   • Safety and investment of funds from consolidated funds, contingency fund and public account.
   • Contract, recovery and refund of revenue etc.

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Organizational Structure.

(Link)

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Expectation of the public authority from the public for enhancing its effectiveness and Efficiency.

Efficient management of finances aimed at higher economic growth so as to reduce the incidence of poverty.

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Arrangements and methods made for seeking public participation / contribution.

Before enforcement of disinvestments rule by the Department, suggestions / objections etc. are invited from public through the press publication of the draft notification in the Odisha Gazette.

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Mechanism available for monitoring the service delivery and public grievance resolution.

Grievance Cell has been opened in the Department to mitigate grievances of the public and others.

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Addresses of the main office.

• Principal Secretary, Finance Department,
  Government of Odisha, Bhubaneswar
• Phone:  91-674-2536950
• Fax: 91-674-2536908 / 2395755
• Official Email:  finsec.or@nic.in

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Morning hours of office / Closing hours of the office:

10.00 AM to 5.30 PM. Monday to Saturday except Second and Fourth Saturdays, Sundays and public holidays.