Financial support of Rs 4,374 crore to local Delhi budget bodies

The Delhi government will provide financial support of Rs 4,374 crore to local bodies, Deputy Chief Minister Manish Sisodia said in his budget speech on Saturday. The size of the budget for the next financial year is 9.86% higher than that of Rs 69,000 crore in the previous year, he said in his address to the Assembly, adding that Delhi’s economy is gradually recovering from the impact of COVID-19.

Government of Delhi “will provide financial support of Rs 4,374 crore to local bodies. This includes Rs 2,305 crore as tied fund for implementation of programmes/programmes/projects by local bodies and of rupees as the Basic Tax Allocation (BTA),” he mentioned.

In addition to the above, an amount of Rs 1,780 crore has been provided to local bodies as a share of stamps and registration fee and one-time parking fee. The Delhi government is thus giving a “total financial support of Rs 6,154 crore to local bodies in the 2022-23 budget estimate”, said Sisodia, who is also Delhi’s finance minister.

Presenting the budget for the eighth consecutive year, Sisodia said the city government will spend Rs 4,500 crore over the next five years to generate 20 million jobs and Rs 800 crore will be earmarked in the 2022 budget- 23 for this purpose.

Municipal corporations in Delhi have from time to time demanded the release of funds from the city government.

It was proposed to combine the three existing companies here into a single entity.

A bill to merge the nation’s three municipal corporations into a single entity was introduced in the Lok Sabha on Friday amid opposition claims the move was beyond the legislative competence of parliament.

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