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Unveiling the Fiscal Landscape: Delhi’s Budget Allocations Critiqued

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Unveiling the Fiscal Landscape: Delhi's Budget Allocations Critiqued

In a significant revelation, Finance Minister Nirmala Sitharaman has allocated a mere ₹1,168 crore for the National Capital Region, Delhi, in the interim budget. The Aam Aadmi Party-led Delhi government has accused the central government of displaying stepmotherly treatment regarding budget allocation. Atishi, the Finance Minister of Delhi, took a jibe at the BJP, asserting that the budget proves it’s a government of empty promises. Prime Minister Modi had pledged to create 2 crore jobs annually back in 2014, yet, over the past 10 years, a staggering one crore people have been left unemployed.

Allegations of Deceptive Tactics

Atishi claims that Finance Minister Nirmala Sitharaman has presented a new ‘jumla’ (empty rhetoric) in the interim budget, stating that they will generate 55 lakh jobs. However, no steps have been taken to mitigate inflation. The Delhi government argues that considering the amount of tax the citizens contribute, the central government should have allocated ₹15,000 crores to Delhi. Although the Center has provided funds to all local bodies, the Municipal Corporation of Delhi (MCD) has received nothing, not even a single rupee.

She criticized the BJP-led central government, stating that it thrives on hollow promises. According to Atishi, “The government has allocated ₹16,000 crores to urban local bodies, but there is no provision for MCD. They have no funds for the Delhi government or MCD.”

Exclusion from Central Grants

It’s worth noting that there is no provision for any central grant for Delhi this time. Finance Minister Nirmala Sitharaman presented the interim budget on Thursday, allocating ₹1,168.01 crores for the financial year 2024-25. In the budget for 2022-23, Delhi was allocated ₹960 crores, and this was increased to ₹1,168.01 crores for the year 2023-24. Surprisingly, this time, there was no increase in the budget for Delhi. There is no allocation in return for Delhi’s contribution to central taxes and duties. In the budget for 2022-23, this share was ₹325 crores.

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