Delhi Finance Minister Manish Sisodia presented a budget of Rs 65,000 crore for the financial year 2020-21 on Monday in special Assembly session.

Notably, the budgetary outlay was Rs 60,000 crore for the ongoing 2019-20 fiscal while the Aam Aadmi Party (AAP) Delhi Government’s first budget back in the year 2015 was Rs 30,000 crore.

The Budget estimates for the fiscal 2020-21 is 8.33 per cent higher than than previous fiscal ( 2019-20)

The Budget estimates of Rs 65,000 crore in 2020-21 is 8.33 per cent while the financial support of Rs 6,828 crore to the Local Bodies in 2020-21 is proposed as against Rs 6,380 crore in the Budget Estimates in 2019-20.

“The total financial support to Local Bodies mainly includes Rs 2,299 crore as share in tax collection and Rs 1,805 crore as share in Stamps and Registration Fee and one time parking charges etc while Rs 2,724 cror for implementation of various developmental Schemes and programmes,” Sisodia said while announcing the Budget.

According to Aam Aadmi Party’s (AAP’s) budgetary report, Delhi’sGross State Domestic Product (GSDP) is expected to grow at a rate of more than 10.48 per cent during the year 2019-20, which will increase to Rs 8,56,112 crore from Rs 7,74,870 crore in the previous year.

In his Budget speech, Sisodia marked that at constant prices, Delhi’s economy is expected to grow at the rate of 7.42 per cent in 2019- 20, much higher the all India growth rate of 5.0 per cent. “The annual average growth rate of GSDP in the last five years remains at 8.18 per cent, which marked the sound economic health of Delhi,” he added.

Further, The Per Capita Income of Delhi is estimated at Rs 3,89,143 in 2019-20 with an increase of 8.57 per cent over the per capita income of Rs 3,58,430 in 2018-19 whereas the per capita income of the Delhi has gone up by 44 per cent since 2015-16 when the per capita income was Rs 2,70,261.

“The per capita income of Delhi is about three times higher than the national average, which is estimated to be Rs 134,432 in 2019-20, the Finance Minister said.

As per the economic survey report,the contribution of Delhi to the national GDP also increased from 3.97 per cent in 2014-15 to 4.20 per cent in 2019-20 despite  1.49 per cent of the total population.” The per capita expenditure of Government of NCT of Delhi through budgetary transactions has increased from Rs 19,004 in 2015-16 to Rs 31,841 in 2020-21,” Sisodia added.