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Delhi Projected To Go Into Revenue Deficit After 30 Years | Subsidy Bill Explodes | Watch


//politics-government.news-articles.net/content/ .. -after-30-years-subsidy-bill-explodes-watch.html
Published in Politics and Government on by MSN   Print publication without navigation

Delhi, a state which has amongst the highest per capita income in the country, is on the verge of a severe financial crisis. Delhi's subsidy bill has risen by 600% in the last 10 years. And its set to balloon further as all the political parties from the BJP to Congress and the Ruling AAP have promised more freebies if they come to power.

The video report from MSN discusses the financial challenges faced by the Delhi government, which is projected to go into a revenue deficit for the first time in 30 years. This situation arises primarily due to an explosion in the subsidy bill, particularly for electricity, water, and bus travel. The report highlights that these subsidies, aimed at providing relief to the public, have significantly increased the government's expenditure. Despite previous years of surplus, the current fiscal policies and the rising cost of subsidies are pushing Delhi towards a deficit, raising concerns about the sustainability of such welfare measures. The video likely includes expert analysis or government statements on how they plan to address this looming financial issue.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/delhi-projected-to-go-into-revenue-deficit-after-30-years-subsidy-bill-explodes-watch/vi-AA1xmjfs ]

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