Delhi Chief Minister Rikha Gupta will present the budget on Tuesday. Today, Delhi’s budget meeting will start on Monday, which will continue till March 28. CM Rikha Gupta has described the Delhi budget outline. He termed the budget as a ‘developed Delhi Budget’ and said that its main purpose is to focus on economic empowerment, improved education and health services, improvement in infrastructure, pollution and water light issues. In such a situation, it is important to know how Delhi’s budget is decided, how much help the center helps and what are the sources of Delhi’s income?
Delhi is a central rule area, which is jointly combined by both the center and the state. The Delhi budget prepares the state government, but the central government also has an impact. It belongs to the Delhi government’s expenses and income. In this, the funds are mainly allocated for development work, education, health, transportation, police, and other basic services in the state.
How much does the center help?
Financial support from the Center to Delhi depends on central government policies and schemes. The main source of center assistance is central schemes and funding. Many major government schemes of the central government, such as the Swach Bharat Mission, Pradhan Mantri Awas Yojana, help Delhi.
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However, in the case of Delhi, this assistance is lower than in other states. The reason for this is that in most cases the Delhi administration is under the rule of the central government. According to the budget of 2024-25, Delhi has been announced to help more than Rs 11,000 crore from the center.
The main source of Delhi’s income
The main sources of Delhi’s income come mainly from the income generated within the state. Under this, the Delhi government receives a variety of taxes and fees. Delhi is the biggest financial source of tax revenue. This includes mainly VAT (Value Added Tax), Property Tax, Income Tax, Stamp Duty, Road Tax. Delhi is one of India’s largest trading centers, and there are many business activities, which significantly increase tax revenue. According to information, Delhi’s budget is a total of 70 % tax revenue. At the same time, the Delhi government also earns good income from land and property transactions.
Learn about the previous budget
Last time, the then Chief Minister of Delhi, Atti, presented a budget of Rs 76,000 crore. He then said that the population of Delhi is only 1.55 % of the country’s total population. But then Delhi’s contribution to the country’s GDP is more than doubled. This time everyone is looking at the budget presented by the BJP. In fact, during the elections, the BJP announced many schemes. In such a situation, it has to be seen who is the seal in the budget.
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