In the backdrop of Delhi's utilisation of the total Plan outlay during the first nine months of the present financial year 2011-12 registering a marked increase from 54 per cent in the previous fiscal to 65 per cent this year, Chief Minister Sheila Dikshit, who also holds the Finance portfolio, has said that this has become possible due to a slew of measures and financial reforms.
Ms. Dikshit said her government has taken several steps to improve the utilisation and these include a revamped procedure for Expenditure Finance Committee approval, timely release of grant and loan amounts, and introduction of a multilevel monitoring system to ensure time bound and targeted implementation of all major infrastructure projects as also welfare programmes being implemented by various departments and agencies. Consequently, she said a sum of Rs.9,210 crore or 65 per cent of the total plan outlay of Rs.14,200 crore has been utilised this year as against 54 per cent over the same period in the previous fiscal.
In the remaining three months of the financial year, she hoped that the remaining 35 per cent of the plan outlay would also be utilised.
Ms. Dikshit also made it clear that the trend of utilisation of amounts in a hurry at the fag end of the financial year will not be appreciated.