New Delhi: According to the recent Comptroller and Auditor General (CAG) report on state finances tabled in the Delhi Assembly on Monday, Delhi government has maintained a revenue surplus over the last five years from 2013-14 to 2017-18.
The revenue surplus comes despite a fall in grants in aid to the State from the Centre. According to the report, Delhi’s revenue receipts during the year 2017-18 increased by 12.58 per cent over the previous year.
“Five years of increased expenditure on schools, hospitals, water and power – all this while maintaining revenue surplus and improving Delhi’s fiscal health. This was possible because Delhi has a non-corrupt government which uses every paisa of taxpayer money on public welfare,” Chief Minister Arvind Kejriwal Tweeted on Tuesday, December 3.
As of March 31, 2018, the government had invested Rs 19,173 crore in Statutory Corporations, Rural Banks, Joint Stock Companies and Co-operatives. While the Government paid interest at an average rate of 8.58 per cent on these borrowings during 2017-18, the return on this investment was 0.08 per cent. The report also said that the government investments had increased by 12.38 per cent over the five year period.