The Delhi authorities’s tax assortment has declined whereas its expenditure elevated by round 80 per cent within the first two months of the present monetary yr, Deputy Chief Minister Manish Sisodia mentioned on Thursday.
The income receipts of Delhi have been Rs 5,273.26 crore in the course of the first two months of the monetary yr 2021-22, whereas its expenditure has reached Rs 8,511.09 crore. Delhi has incurred Rs 3,237.83 crore greater than its receipts which have been met from final yr’s financial savings, Sisodia, who can be the Delhi finance minister, mentioned.
He mentioned the expenditure of the Delhi authorities has elevated round 80 per cent in the course of the first two months of the monetary yr 2021-22 as in comparison with the corresponding interval of the earlier monetary yr, resulting from COVID-19.
Beforehand, the expenditure within the first two months was Rs 4,705.14 crore in (2019-20) and Rs 4,965.58 crore in 2020-21. Nevertheless, as a result of unprecedented Covid surge, the expenditure in the course of the first two months has jumped to Rs 8,511.09 crore in 2021-22, in accordance with a authorities assertion.
The tax assortment has declined as a result of second wave of COVID-19 pandemic and the lockdown, whereas the expenditure has elevated compared with the earlier years for implementation of varied reduction and different measures to examine the unfold of COVID-19, Sisodia mentioned.
The Delhi authorities has issued an order on expenditure administration and rationalisation of expenditure to maintain the expenditure throughout the sources, in occasions of COVID-19 pandemic, the assertion added.
(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)