The Delhi government is set to present its budget for the financial year 2023-24 in the upcoming assembly session, with an expected outlay of around Rs 80,000 crore. The government’s tax collection in the current and next financial year is expected to remain as per estimates, according to officials quoted by news agency PTI.
The budget outlay for the previous financial year, 2022-23, was Rs 75,800 crore, while it was Rs 69,000 crore in the year before that. This year’s higher budget outlay is attributed to stronger tax revenue.
Budget session to begin on March 17
The budget session of the Delhi assembly is scheduled to begin on March 17, with Lt Governor VK Saxena addressing the House. The budget will be tabled on March 21 and will be preceded by an Outcome Budget of the government.
First budget presentation by Kailash Gahlot
Finance Minister Kailash Gahlot will be presenting his first budget in the assembly, after being given charge of the department following the resignation of Deputy Chief Minister Manish Sisodia. Sisodia was arrested by the ED in connection with the Delhi excise policy scam case.
Gahlot, in a tweet, called budget preparation “exciting but a very time-consuming exercise”, adding that days are filled with endless cups of coffee and non-stop meetings with officers.
Budget may focus on infrastructure, health, and education
Officials have suggested that the budget may have a significant outlay for infrastructure development, particularly roads, in addition to health and education.
Former deputy CM Manish Sisodia sent to ED custody
Meanwhile, former Delhi Deputy Chief Minister Manish Sisodia was sent to ED custody till March 17 in a money laundering case related to the government’s excise policy. Special judge MK Nagpal did not turn up to read the order, and the information was sent to the lawyers through the court staff, according to Hindustan Herald sources.
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