Delhi Govt expects to collect Rs 15,582 crore as tax
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Last Updated: Monday, March 22, 2010, 23:08
  
New Delhi: The city Government estimates to collect a total of Rs 15,582 crore from tax revenue in the financial year 2010-11, which is an increase of nearly 18 per cent over the current fiscal.

The government had estimated to collect Rs 13,174 crore from various taxes in the year 2009-10 and officials said they are confident of meeting the target by end of the month.

Pegging the total budget estimate at Rs 26,000 crore, Delhi Finance Minister A K Walia said Rs 11,200 crore has been set aside for plan expenditure while the total non plan expenditure has been proposed at Rs 14,660 crore.

The total plan allocation is 43 per cent of the total outlay while the non plan expenditure would be 56 per cent.

An amount of Rs 140 crore has been allocated separately for centrally sponsored scheme, which is one per cent of the total outlay.

The proposed expenditure of the city government for the next fiscal will be funded from own revenue receipt of Rs 19,631 crore, small savings loan of Rs 1,000 crore, Central plan assistance of Rs 1,284 crore, share in central taxes of Rs 325 crore and Rs 3,760 crore from other sources.

He said the gross state domestic product (GSDP) of Delhi at current prices has increased from Rs 1,44,303 crore in 2007-08 to Rs 1,65,948 crore in 2008-09, registering a growth of 15 per cent.

About the fiscal deficit, he said it would be around 3,116 crore for 2010-11 as compared to Rs 3,561 in the current year.

"The fiscal deficit has been estimated at around 1.7 per cent for the year 2010-11," he told reporters later. The city government's fiscal deficit was Rs 2,824 crore in 2008-09.

Walia said despite the economic slowdown, the per capita income of Delhiites has increased to Rs 88,421 from Rs 78,790 in 2007-08.

Talking about tax revenue, he said government expects to collect Rs 1,060 crore from stamps and registration fees, Rs 12,000 crore from VAT, Rs 1680 crore from excise tax, Rs 500 crore from taxes on motor vehicles and Rs 342 crore from luxury tax, entertainment tax and betting tax.

The transport sector received the highest allocation of Rs 4,224 crore followed by an allocation of Rs 1,500 crore for water supply and sanitation.

The Health department has been given a total allocation of Rs 1,243 crore while Education department will get Rs 1,122 crore. An amount of Rs 1,417 crore has been set aside for Urban development department.

PTI


First Published: Monday, March 22, 2010, 23:08


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