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Delhi govt estimates to get Rs 30,454 crore as revenue

Last Updated: Thursday, March 21, 2013 - 00:10

New Delhi: Delhi government estimates to collect a total of Rs 30,454 crore from tax revenue in the financial year 2013-14, an increase of 16 percent against a total tax collection of Rs 26,150 crore in 2012-13.

Pegging the total budget estimate at Rs 37,450 crore, Chief Minister Sheila Dikshit said while presenting the budget.

She said Rs 16,000 crore has been set aside for plan expenditure while the total non plan expenditure has been proposed at Rs 21,000 crore.

The plan expenditure is 43 percent of the total budget while non-plan expenditure is 56 percent. One percent of the total outlay has been set aside for centrally-sponsored schemes.

Ninety percent of the total expenditure will come from Delhi government's own resources, while six percent will come as grant from the Centre.

Talking about tax revenue, Dikshit said government expects to collect Rs 19,500 crore from VAT, Rs 5,300 crore from stamps and registration fees, Rs 3,500 crore from excise duty, Rs 1,600 crore from taxes on motor vehicles and Rs 550 crore from luxury tax, entertainment tax and betting tax.

"The proposed total expenditure of Rs 37,450 crore during 2013-14 is to be financed by Rs 30,454 crore from tax revenue, Rs 913 crore from non-tax revenue, capital receipts of Rs 4,113 crore and grant-in-aid of Rs 2,701 crore from the central government," she said.

The Chief Minister said the outstanding loan which was Rs 30,140 crore as on March 31, 2011 will be reduced to Rs 28,888 crore as on March 31, 2013.

"Outstanding debt of Delhi is 7.89 percent of GSDP in 2012-13, which is the lowest among all the states in the country," she said.


First Published: Thursday, March 21, 2013 - 00:10
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