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Govt begins to use funds,spends 76 per cent of budget

After struggling to spend the budget funds this fiscal,following the Commonwealth Games controversies,the Delhi government has finally found ways to utilise the money.

Written by Express News Service | New Delhi |
February 20, 2012 1:54:40 am

After struggling to spend the budget funds this fiscal,following the Commonwealth Games controversies,the Delhi government has finally found ways to utilise the money.

Till last month,it had managed to spend nearly 76 per cent of the total plan outlay of Rs 14,200 crore for the current fiscal,a jump from only 13 per cent recorded till August last year.

“We spent a total of Rs 10,792 crore between April 1 and January 31,and we are confident of spending the remaining funds within March 31,” a senior Finance official said.

Spending has improved over the last five months,given only Rs 1,800 crore could be spent between April and August last year.

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Government sources said the spending was slow in the initial months as officials were wary following allegations of corruption during Games preparations.

“We then put in place a multi-level monitoring system for ensuring speedy utilisation of the funds,resulting in better spending of the funds,” a senior government official said.

He said government has been successful in controlling non-planned expenditure against the planned expenditure. “Our plan expenditure has been much more than the non-plan expenditure so far,” the official said.

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An official said the government was busy replying to the CVC and the Shunglu Committee regarding allegations of corruption,and the morale of the officials was also affected due to the charges.

The spendings picked up momentum in September following strict directives by Chief Minister Sheila Dikshit,who also holds the Finance portfolio. The government also launched a number of schemes to improve utilisation of funds.

Some of the major projects under implementation in the current financial year include construction of Signature Bridge at Wazirabad,construction of multi-level car parking lots at various places,construction of hospitals,construction of nearly 47,000 low-cost flats and redevelopment of Walled City area.

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First published on: 20-02-2012 at 01:54:40 am

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