"Delhi Finance Minister Atishi Announces Revised Budget Estimates for 2023-24; Focuses on Fiscal Responsibility and Infrastructure Boost"

"Atishi Unveils Strategic Cuts in Ad Spendings, Allocates Additional Funds to Delhi Jal Board in Revised Budget for FY 2023-24"

  • Delhi Finance Minister Atishi presents the revised budget estimates for the fiscal year 2023-24.
  • Notable reductions in ad spendings and non-yielding schemes to prioritize fiscal responsibility.
  • Additional funds of Rs 1,033 crore allocated to Delhi Jal Board (DJB) for critical infrastructure development.

In a significant move towards fiscal responsibility and strategic allocation of resources, Delhi Finance Minister Atishi tabled the revised estimates for the budget of 2023-24 in the Assembly on Friday. The revisions include noteworthy cuts in ad spendings and non-yielding schemes while addressing critical areas of infrastructure development.

Sources from the Delhi government revealed that the revenue of the government has shown an encouraging rise in the fiscal year 2023-24. Consequently, Atishi emphasized that there is no need for loans from the Centre, reflecting the financial stability and self-sufficiency of the state.

One of the key highlights of the revised estimates is the allocation of an additional infusion of Rs 1,033 crore for the Delhi Jal Board (DJB). This move is aimed at supporting the cash-strapped DJB in undertaking crucial infrastructure projects and meeting the growing demands of the city's water supply and management.

Atishi's budget revisions underscore a commitment to prudent financial management, ensuring that resources are directed towards essential services and projects that contribute to the overall development of Delhi. The emphasis on fiscal responsibility aligns with the government's strategy to optimize spending while bolstering critical sectors to promote sustainable growth.