Delhi Deputy Chief Minister Manish Sisodia has presented the budget for FY23. While presenting the budget, the minister made several key announcements.
The Deputy Chief Minister of Delhi submitted a Rs 75,800 crore budget in the Assembly on Saturday for the fiscal year 2022-23.
Manish Sisodia also stated that the budget is intended to aid in Delhi’s economic recovery following COVID-19.
“The Delhi economy is gradually recovering from the COVID-19 consequences.”
Sisodia remarked in his budget address, “The budget allotment for 2022-23 is Rs 75,800 crore.” The budget for fiscal year 2021-22 was Rs 69,000 crore. The budget for 2022-23 is 9.86% more than the previous year’s.
This is the seventh budget in a row for the Aam Aadmi Party (AAP) government.
According to Sisodia, the budget for 2022-23 is a “Rozgar Budget.”
He also stated that Delhi’s per capita income is 2.7% more than the national average.
“The anticipated Budget Estimate for 2022-23 is Rs 75,800 crore, 9.86% higher than the Budget Estimate of Rs 69,000 crore for 2021-22 and 13.13% higher than the Revised Estimates.”
Here are the key announcements made by Manish Sisodia during the presentation of the Delhi Budget 2022-23:
– In this House, I am submitting my eighth budget, which aims to create new jobs for the people of Delhi while also boosting economic recovery from the damage caused in recent years by COVID-19, GST, and demonetisation.
The plans and proposals provided in this budget will not only provide fresh prospects for entrepreneurship to Delhi’s youth, but will also assist existing established enterprises and businesses.
Sisodia stated, “I would like to deliver to the House the “Rozgar Budget” for the upcoming fiscal year.”
– With the Rozgar Budget, we hope to restart and boost the economic growth engine.
But, Mr. Speaker, before submitting the proposal and preparations for this 20 lakh new job budget to the House.
– The Delhi economy is progressively recovering from the challenges created by COVID-19’s five waves, and as a consequence, the Delhi GSDP at current market prices is predicted to climb to Rs 9,23,967 crore in 2021-22, up from Rs 7,85,342 crore in 2020-21; up by 17.65%.
I’d also like to add that the real growth rate of Delhi’s GSDP in 2021-22 is expected to be 10.23%.
At the national level, however, this growth rate is expected to be 8.9 percent.
– In the fiscal year 2021-22, Delhi’s per capita income is expected to rise to Rs 4,01,982 at present rates.
It was Rs 3,44,136 in the fiscal year 2020-21.
This represents a 16.81 percent rise in Delhi’s per capita income in 2021-22.
– Under the leadership of Chief Minister Arvind Kejriwal, we intend to increase the percentage of Delhi’s working population from 33% to 45% in the next five years.
Our government has prioritised the following industries for employment creation: retail, food and drinks, logistics and supply chain, travel and tourist, entertainment, construction, real estate, and green energy.
– We intend to renovate and transform these classic Delhi markets into appealing tourism sites.
In the budget, we propose Rs 100 crore for this purpose.
Within the next five years, at least 1.5 lakh new job possibilities would be produced in just five markets.
Every year, the ‘Delhi Shopping Festival’ will be held to attract people from all over the country and the world to shop in Delhi and enjoy it as a festival.
– The Delhi government has initiated an ambitious plan to revitalise over 600 lakes and water bodies in the city, with an estimated cost of Rs 750 crore, in order to liberate Delhi’s water bodies of encroachment, which has been ignored for decades and has rendered them into dumpyards.
– All economists believe that as long as women are not in the labor force, India’s aspiration of becoming a developed country would remain a pipe dream.
Keeping this in mind, the budget for this year has prioritised the creation of greater job possibilities for women.
The ‘Smart Urban Farming’ plan will produce up to 25,000 new jobs for women.
– For the fiscal year 2022-23, I recommend a budgetary provision of Rs 9,769 crore for the health sector.
The renovation of 15 existing hospitals has begun.
Four additional hospitals are being planned, with proposals already in the works.
I suggest Rs 1,900 crore for new hospital building and rehabilitation of current government facilities.
– All citizens will be able to obtain a QR code-based e-health card through the Hospital Information Management System and Health Card.
With geo-tagging, this will aid in identifying patients and gathering basic disease information.