Special Correspondent

To meet the budget targets for the current financial year

NEW DELHI: Delhi Finance Minister A. K. Walia on Wednesday demanded an additional Rs.2,000 crore from the Centre for meeting the Capital’s budget targets for the current financial year.

Speaking at a pre-Budget meeting with Union Finance Minister Pranab Mukherjee, Dr. Walia said a revenue collection of Rs.23,000 crore had been expected for the current fiscal. While about Rs.14,000 crore is expected to be raised through its own resources, the rest would have to come through non-revenue resources.

Though another Rs.1,000 crore has been received for the Commonwealth Games and Rs.1,000 crore for the Jawaharlal Nehru National Urban Renewal Mission projects, he said, there was still a shortfall of Rs.2,000 crore due to lower collections and with the small savings having almost ended.

The Minister said Rs.2,000 crore was needed to meet this demand.

Dr. Walia also demanded that the Delhi Development Authority be asked to give Rs.1,265 crore for the Delhi Metro railway project since the Japanese Bank of International Cooperation had reduced its funding of the rolling stock.

Funding by DDA

He said the DDA should also be asked to make the payments due for the next phase of the Metro project.

Dr. Walia said the funding by DDA was justified because it raises funds by selling and developing land in Delhi and has a buffer of Rs.20,000 crore. Also, he said, the Delhi Government was already paying the Municipal Corporation of Delhi as much as Rs.2,500 crore annually for maintenance of various colonies and infrastructure, several of which has been transferred to the MCD by DDA.

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