Delhi Authorities’s Debt Elevated By 7% In 4 Years Up To 2019-20: Audit Report

Delhi Government's Debt Increased By 7% In 4 Years Up To 2019-20: Audit Report

Income receipts grew by Rs 4,023 crore (9.33 per cent) over the earlier 12 months, CAG report mentioned.

New Delhi:

The Delhi authorities’s debt elevated by almost seven per cent within the four-year interval as much as 2019-20 though it maintained a income surplus, in keeping with a CAG audit report tabled within the Meeting on Tuesday.

The debt elevated by Rs 2,268.93 crore (6.98 per cent) from Rs 32,497.91 crore in the beginning of 2015-16 to Rs 34,766.84 crore on the finish of 2019-20, mentioned the report.

The Comptroller and Auditor Common (CAG) report of the 12 months 2021 on state funds for the 12 months ending March 2020 was introduced within the Meeting by Deputy Chief Minister Manish Sisodia.

The audit report on state funds supplies an analytical assessment of the annual accounts of the Authorities of NCT of Delhi and functioning of Public Sector Undertakings for the 12 months ending 31 March 2020.

The income surplus of Delhi authorities in 2019-20 was Rs 7,499 crore indicating that income receipts of the federal government have been ample to fulfill the income expenditure, mentioned the report.

The Delhi authorities has been in a position to preserve income surplus largely on account of pension liabilities of its staff being borne by the central authorities, it identified.

As well as, expenditure of Delhi Police can also be borne by the Ministry of Residence Affairs, Authorities of India, it added.

Income receipts grew by Rs 4,023 crore (9.33 per cent) over the earlier 12 months. Within the 12 months 2019-20, about 79.90 per cent of income receipts got here from authorities’s personal sources whereas Grants-in-Assist contributed 20.10 per cent.

The share of NCTD’s personal tax income to complete income receipts decreased from 86.36 per cent in 2015-16 to 77.58 per cent in 2019-20.

Expenditure of presidency on subsidies elevated from Rs 1,867.61 crore in 2015-16 to Rs 3,592.94 crore in 2019-20 (92.38 per cent). In 2019-20 expenditure on subsidies elevated by 41.85 per cent over the earlier 12 months, the report mentioned.  Monetary help to native our bodies and others elevated by 7.59 per cent from Rs 15,087.22 crore in 2018-19 to Rs 16,232.97 crore in 2019-20.

The rise in funding in 2019-20 over the earlier 12 months was Rs 150 crore on account on funding made in Delhi Metro Rail Company Ltd. The return on funding was 0.08 per cent in 2019-20 whereas the federal government paid curiosity on the common fee of 8.14 per cent on its borrowings throughout 2019-20, mentioned the CAG report.

The Delhi authorities shouldn’t be empowered to boost loans from the open market. Loans and advances acquired from the Authorities of India comprise its debt receipts, added the report.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

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