BUDGET OF NCT OF DELHI-2015

It being approximately 2 months of new government of Delhi lead by AAP. And in these two months it’s not Government didn’t did anything as it being a very short time to criticize AAP government as it been elected for 5 years not for 2 months. But the main task strikes to government now, BUDGET for fiscal year 2015-16.

In proposal for Delhi Budget Delhi’s Chief Minister Mr. Arvind Kejriwal The Regular Budget of Government of NCT of Delhi for the current year is approximately 36,766 crore. New Government should go through this constraint before estimating its expenditure. But asking for Vote Of Account he said it being 37,000 crore approx estimated expenditure which includes planned and unplanned Expenditure both.

But giving light on this topic and same with the promises given by AAP on its campaign we the people of Delhi are expecting More from this goverment. When we talking about Budget we should must consider States Expenditure as well as its Revenue. Going Through Revenue the main generations of states revenue is from TAXES, Power Tariff and Water Tariff, Which the government is planning to decrease during its tenure And Metro. Similarly, going through Expenditure the main Expenditure are Subsidies, Power generations, Import of Water from Haryana, Physical Infrastructure Development.

Going through topic i want to say that as the economic reports on Delhi, The Gross State Domestic Product GSDP of Delhi raised by approximately 15%. Government should Allocate its resources such a way that it increases the GSDP of Delhi. As the Growth Rate is really good. This fiscal year’s Delhi budget is being much Awaited not only by the Delhi Fellows and AAP’s opponents but is being awaited by the Nation. This Budget will be working as an indicator of Government’s planning of work.

In last i want to say that government should allocate its resources in such a way with given constraint by union Government such a way that will be profit maximizing one. As coming into power this government has banned the tobacco products in Delhi, it must see to it government had been generating the Revenue out of it. Its been not to say that their must be Deficit or Surplus in governments Budget, As economically at its initial stage the Fiscal deficit will implicate to development but a large fiscal deficit will implicate to Debt Trap. With ending up with it I wish the government a great success for its first fiscal budget of its tenure.

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