Delhi

‘Delhi govt.’s expenditure increased in April, May’

Finance Minister Manish Sisodia on Thursday said that a memorandum has been released to rationalise the Delhi government’s expenditure during the COVID-19 pandemic.

Mr. Sisodia said that the expenditure of the Delhi government has increased around 80% during the first two months of the current financial year compared to the corresponding period during the previous financial year.

He stated that revenue receipts of Delhi have been ₹5,273.26 crore during the first two months of the current financial year, while its expenditure has reached ₹8,511.09 crore.

“Delhi has incurred ₹3,237.83 crore more than its receipts which were met from last year’s savings. Historically, during the first two months, the expenditure used to be ₹4,705.14 crore in FY-2019-20 and ₹4,965.58 crore in FY-2020-21. However, due to unprecedented COVID surge, the expenditure during the first two months has jumped to ₹8,511.09 crore in current financial year,” he said.

Tax collection declines

Mr. Sisodia said that the tax collection has declined due to second wave of COVID-19 pandemic and lockdown.

“The order has been issued to curtail the expenditure of the government, beyond the expenditure for essential and day-to-day functions. Further, the various welfare schemes being run for the Delhi residents will remain unchanged,” an official statement said.


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Printable version | Jul 31, 2021 2:42:55 PM | https://www.thehindu.com/news/cities/Delhi/delhi-govts-expenditure-increased-in-april-may/article34844050.ece

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