Delhi funds announcement possible in 2nd week of March
2 min read Image Source : ANI Delhi funds announcement possible in 2nd week of March
The Delhi authorities is anticipated to current its funds for 2021-22 within the second week of March, focussing on its key areas of well being, training and infrastructure together with water provide, though new taxes are unlikely, sources within the authorities stated on Friday.
The authorities is readying the blue print of the funds and conferences with completely different departments are being held to find out their calls for and certain income collections, stated a supply within the authorities.
“Economically speaking, 2020-21 was a very difficult time for the government, yet it successfully met all the challenges of dealing with the COVID-19 pandemic, despite a steep fall in revenue,” the supply stated.
The authorities had introduced Rs 65,000 crore funds for 2020-2021 that was round 10 per cent greater than that in 2019-20.
“Although no dates have been fixed for presentation of the budget, it’s likely to come around second week of March,” the supply stated.
The authorities can be “likely” to come back out with measures to spice up the financial system with “enabling measures” for industries and buying and selling in Delhi that had been badly hit as a result of pandemic within the final fiscal.
New taxes or any hike within the current charges are “unlikely”, the sources stated. This 12 months, the Arvind Kejriwal authorities will likely be presenting second funds of its third time period.
The AAP authorities has been constantly elevating its whole funds measurement because it first got here to energy in Delhi in 2015. Its first funds totalled Rs 41,500 crore in 2015-16. The measurement of the funds rose to Rs 46,600 crore in 2016-17, Rs 48,000 crore in 2017-18, Rs 53,000 crore in 2018-19, Rs 60,000 crore in 2019-2020 and Rs 65,000 crore in 2020-21.
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