Delhi FY24 Finance Report: Revenue Surplus Drops 55%

New Delhi, Aug 4 (PTI) The revenue surplus of the Delhi government under AAP rule in 2023-24 declined by 55 per cent as compared to the preceding fiscal, said a CAG report tabled in the Monsoon session of the assembly by Chief Minister Rekha Gupta on Monday.

Gupta tabled the Comptroller and Auditor General (CAG) reports on 'Finance Accounts and Appropriation Accounts of the Delhi for the year 2023-24.

The report pointed that although the revenue receipts of the government dropped, the gross state domestic product (GSDP) at current prices grew at an average pace of 8.79 per cent during the last five years from Rs 7.93 lakh crore in 2019-20 to Rs 11.08 lakh crore in 2023-24.

There was 9.17 per cent growth in GSDP in 2023-24 from the previous year 2022-23. Also, the budget outlay of Delhi increased at an average growth rate of 7.14 per cent from Rs 64,180.68 crore in 2019-20 to Rs 81,918.23 crore in 2023-24, said the report.

It further said the revenue surplus of Delhi government in 2023-24 decreased from Rs 14,457 crore to Rs 6,462 crore, registering a fall of 55.30 per cent over 2022-23.


The fiscal deficit, however, went down from Rs 4,566 crore in 2022-23 to Rs 3,934 crore in 2023-24, it said.

The report of the CAG on the finances of the Delhi government for the year 2023-24, provided an overview of its finances, budgetary management and quality of accounts, financial reporting practices.

The report noted a receipt-expenditure mismatch indicating rising fiscal stress.

The report further showed that the Delhi government's revenue expenditure between 2019-20 and 2023-24 increased from Rs 39,637 crore (5 per cent of GSDP) to Rs 50,336 crore (4.54 per cent of GSDP).

It consistently made up a significant portion ranging from 81 per cent (2021-22) to 83 per cent (2023-24) of the total expenditure during this period, growing at an average annual rate of 6.51 per cent, added the report.