New Delhi. The proceedings of the budget session of Delhi Assembly started today with the address of the Lieutenant Governor. The budget session which started from March 8 will continue till March 16. Tomorrow, on Tuesday, March 9, the Deputy Chief Minister of Delhi, as the Finance Minister, will present the budget for the year 2021-22 in the House. A day before presenting the budget, Finance Minister Manish Sisodia tabled the report of the Economic Survey of Delhi and the Outcome Budget 2020-21 in the House.
Presenting the report of Economic Survey Delhi 2020-21 in the House, Deputy Chief Minister Manish Sisodia said that the advance estimate of Gross State Domestic Product of Delhi at prevailing prices in 2020-21 is Rs 7,98,310 crore. In which there is a contraction (decline) of 3.92% compared to last year.
This means that due to the Corona Pandemic in Delhi’s Gross State Domestic Product (SGDP), a decrease in general economic activity has been recorded this time compared to last year, which is called a contraction in economics. Could. There has been a decline of 3.92 percent in GSDP compared to last year.
Apart from this, GSDP at current prices has increased by about 45% in the last 6 years. It has increased from Rs 5,50,804 crore in the year 2015-16 to Rs 7,98,310 crore during the year 2020-21.
Sisodia said that in real terms, Delhi’s GSDP has recorded a contraction of 5.68 percent during 2020-21, whereas during the same period, there was a contraction of 8.0 percent at the national level.
According to the Economic Survey report, Gross State Value Added (GSVA) at prevailing prices during the year 2020-21 shows that the contribution of tertiary sector in this has been 84.59%, secondary sector has been 13.56% and primary sector has been 1.85%. According to the report, the per capita income of Delhi at prevailing prices during the year 2020-21 was estimated at 3,54,004 whereas the per capita income at the national level was 1,27,768. Thus, the per capita income of Delhi is almost 3 times more than the national average.
Government’s deficit in GSDP increased from 0.20 percent to 0.39 percent
Delhi has maintained its revenue authority which was Rs 7,499 crore during the year 2019-20 while it was Rs 6,261 crore during 2018-19. Whereas during 2019-20 (provisional), the fiscal deficit was Rs 3227.79 crore whereas in 2018-19 it was Rs 1489.38 crore. Fiscal deficit during 2018-19 was 0.39 percent compared to 0.20 percent of GSDP, that is, the government had to bear financial deficit on a large scale during the year 2019-20.
The outstanding loan also reduced from 8.61 percent to 4.15 percent.
In the year 2019-20, the outstanding debt till March 31 was Rs 34,461.83 crore, which in the year 2011-12 and the GSDP ratio was 8.61%, it came down to 4.15% in 2019-20.
Education sector remained the primary sector of budget allocation
According to the report, in the budget for the year 2020-21, the total budget allocation under scheme projects in social service sectors is 74.77 percent. During the year 2020-21, the education sector remained a priority area for the Delhi Government. 23.83 percent of the budget allocation was kept for the education sector. After this, 14.67% was allocated for transport sector, 13.39% for medical and public health sector, 13.11% for social service and welfare sector, 12.62% for housing and urban development and 12.62% for water supply and sanitation. Was.
Tags: Assembly Session, CM Arvind Kejriwal, Corona Virus, COVID 19, Delhi Government, Delhi Government Budget, Delhi news, Manish sisodia, Per capita GDP
FIRST PUBLISHED : March 8, 2021, 8:17 PM IST