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Delhi Budget Speech for the year 2015-2016 - Total Budget estimate for govt. of NCT of Delhi proposed at ₹ 37750 crore.

Dated:- 26-6-2015 - Hon ble Speaker, Sir, I rise to present the first Budget of our Government for the year 2015-16 to this august House and to seek a Vote on Account to enable the Government to carry on its business and meet the essential expenditure for a period of three months or till the Regular Budget is passed by this august House. 2. The Annual Financial Statement and Demands for Grants now being presented are for the full year which will be revised at the time of presentation of Regular .....

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whole budget making exercise. 4. Sir, our Government has decided to formulate the budget taking into consideration the present and future needs of residents of Delhi in order to address their issues, problems and difficulties. We intend to work in complete partnership with the common man for addressing their issues and problems and for preparation of future plans. We have started working in this direction by constituting the Delhi Dialogue Commission under the chairmanship of Hon ble Chief Mini .....

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o draw the kind attention of the august House on the economic scenario of Delhi before presenting Revised Budget Estimate for current financial year and to seek Vote on Account for a period of three months. 6. The Gross State Domestic Product (GSDP) of Delhi at current prices in the current year is likely to attain a level of ₹ 4,51,154 crore showing a growth of 15.35% over previous year. At constant prices, Delhi s economy is poised to grow at the rate of 8.2% during 2014-15 compared to 7 .....

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377; 88,533. 8. Delhi s economy has a predominant service sector with a share of 87.48% of GSDP followed by industry and agriculture sectors. The contribution of Delhi in the service tax, income tax, corporate tax and custom & central excise is very significant as compared to other Metropolitan Cities. In spite of that, Delhi s share in Central Taxes remains stagnant at ₹ 325 crore since 2001-02. The Fourteenth Central Finance Commission has recommended increasing the devolution of Cen .....

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r States. Government has to purchase land from DDA at a very high cost for development of various infrastructures like Hospitals, Colleges / Technical Institutions, Grid Sub-Stations, Bus Terminals/Depots, Old Age Homes etc. As a result, major chunk of the state resources is spent on purchase of land. The tax payer money spent for purchase of land could have been utilized for development of infrastructure. It is highly desired that land should be made available to the city Government free of cos .....

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Sir, I am presenting the Revised Estimate for the current financial year 2014-15. 11. The Regular Budget of Government of NCT of Delhi for the current year 2014-15 was approved by the Parliament on July 18, 2014 for ₹ 36,766 crore. It includes Plan Expenditure of ₹ 16700 crore, Centrally Sponsored Schemes of ₹ 1000 crore and Non-Plan Expenditure of ₹ 19066 crore. 12. Sir, our Government has already implemented one of our commitments made to the citizens of Delhi for givi .....

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Estimates 2014- 15 under Non-Plan Budget. 13. The Government has also implemented the scheme of giving 20000 Litre of free water per month to the domestic consumers of Delhi having metered connection at their premises. There are 18.09 lakh consumers being billed by DJB, out of which, 9.55 lakh consumers will get benefit which is more than 50% of total consumers. For the water subsidy, ₹ 21 crore will be required for which provision has been made in the Revised Estimate 2014-15. 14. Sir, d .....

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as devolution of taxes and ₹ 1291 crore as share of Stamps & Registration Fee and Motor Vehicle Tax to Local Bodies. Provision of ₹ 1083 crore for Delhi Transport Corporation to meet its operating deficit and cost of concessional passes and ₹ 351 crore towards power and water subsidy to domestic consumers are also included in the Non Plan Expenditure. 15. The total budget in the Revised Estimate in 2014-15 is proposed at ₹ 34,790 crore. Supplementary Demands for Grant .....

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