The CAG report said that the revenue receipts increased by Rs 4,023 crore (9.33 per cent) over the previous year.
New Delhi:
According to the CAG’s audit report tabled in the Assembly on Tuesday, the debt of the Delhi government grew by nearly seven per cent in the four-year period to 2019-20, though it maintained a revenue surplus.
The report said debt increased from Rs 32,497.91 crore at the beginning of 2015-16 to Rs 2,268.93 crore (6.98 per cent) to Rs 34,766.84 crore at the end of 2019-20.
The Comptroller and Auditor General (CAG) report of the year 2021 on state finances for the year ended March 2020 was presented in the assembly by Deputy Chief Minister Manish Sisodia.
The Audit Report on the Finances of the State provides an analytical review of the annual accounts of the Government of National Capital Territory of Delhi and the working of Public Sector Undertakings for the year ending 31 March 2020.
The report said the revenue surplus of the Delhi government in 2019-20 stood at Rs 7,499 crore, indicating that the government’s revenue receipts were sufficient to meet the revenue expenditure.
The Delhi government has been able to maintain a revenue surplus largely because of the pension liabilities of its employees, being borne by the central government, it pointed out.
Apart from this, the expenses of Delhi Police are also borne by the Ministry of Home Affairs, Government of India.
Revenue receipts increased by Rs 4,023 crore (9.33 per cent) over the previous year. In the year 2019-20, about 79.90 percent of the revenue receipts came from the government’s own resources while the contribution of grants-in-aid was 20.10 percent.
The share of NCTD’s own tax revenue in total revenue receipts declined from 86.36 per cent in 2015-16 to 77.58 per cent in 2019-20.
Government expenditure on subsidies increased from Rs 1,867.61 crore in 2015-16 to Rs 3,592.94 crore (92.38 per cent) in 2019-20. The report said that the expenditure on subsidy in 2019-20 increased by 41.85 percent as compared to the previous year. Financial assistance to local bodies and others increased by 7.59 per cent from Rs 15,087.22 crore in 2018-19 to Rs 16,232.97 crore in 2019-20.
The increase in investment in 2019-20 over the previous year was Rs 150 crore on the investment made in Delhi Metro Rail Corporation Limited. The return on investment was 0.08 per cent in 2019-20 while the government paid interest at an average rate of 8.14 per cent on its borrowings during 2019-20, the CAG report said.
The Delhi government does not have the right to take loans from the open market. The report states that loans and advances received from the Government of India include its loan receipts.
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