Delhi budget to be presented today

June 22nd, 2009 - 11:44 am ICT by ANI  

New Delhi, June 22 (ANI): The Delhi Government is likely to recommend some tough measures in the state budget which is to be unveiled today.

According to senior officials with the Delhi Government, as the revenue fell by over Rs 1,300 crore during the year 2008-09, the Government may feel compelled to undertake some harsh measures to improve its financial position.

As the Delhi Jal Board (DJB) and the Delhi Transport Corporation (DTC) are struggling with its financial health, the budget could also see an announcement of increase in water and transport tariff.

Delhi’s Finance Minister A K Walia is expected to assign extra money for infrastructure projects relating to next year’s Commonwealth Games.

The budget may also address the issue of whether to carry on with Rs 200 crore yearly subsidies to power discoms, which is given to keep the tariff level at the level of 2004-05. The subsidy period expired on May 31. (ANI)

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