Page 5 - e-Budget Speech - Final

New Delhi Municipal Council | Budget 2019 – 20
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BUDGET SPEECH

Distinguish Members of the Council,

It is a matter of great personal pride for me to present before you the
Budget of New Delhi Municipal Council for the forthcoming year of 2019-20.

We, as New Delhi Municipal Council (NDMC), will continue to put our
energy and effort to see challenge become a reality for the people of New
Delhi area and it must resonate in every decision that we take and make sure
that the people of this area enjoy better living condition. We can achieve by
allowing ourselves to be subjected to public scrutiny and restoring the
confidence of all stakeholders.
In pursuit of the challenges we face as a benchmark in terms of service
delivery, operational excellence, we will have to continue by ensuring that we
deliver services to all communities with optimum level. It is therefore
imperative on our part as Council that we maximize financial efficiency and
embrace the principle of value for money. Same time, we have to ensure that
the Municipality remains financially sustainable as we are under constant
pressure to maintain our level of service delivery to the floating population of
our area.

With these words, I now present the annual budget 2019-20. I will present
the financial projection first.

The total receipts of the Budget Estimates (BE) 2019-20 are Rs.4172.34
crore against Rs.3954.51 crore provided in the Revised Estimate (RE) 2018-
19. The actual receipts in 2017-18 were Rs.3622.30 crore. The BE 2019-20
for the revenue receipts are Rs.3536.31 crore against Rs.3390.53 crore
provided in RE 2018-19 and actual of Rs.3128.72 crore in 2017-18. The BE
2019-20 for capital receipts are Rs.636.03 crore against Rs.563.98 crore
provided in RE 2018-19 and actual of Rs.493.58 crore in 2017-18.

The total expenditure for BE 2019-20 are Rs.4144.53 crore against
Rs.3727.23 crore provided in RE 2018-19 and actual of Rs.3186.15 crore in
2017-18. The BE for revenue expenditure in 2019-20 are Rs.3493.48 crore
against Rs.3316.50 crore provided in RE 2018-19 and actual of Rs.2927.39
crore in 2017-18. The capital expenditure is projected at Rs.651.05 crore in
BE 2019-20 against Rs.410.73 crore in RE 2018-19 and actual of Rs.258.76
crore in 2017-18.

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