Overview
- Lawmakers passed the budget after a three-day debate, with Finance Minister Harpal Singh Cheema outlining four years of AAP governance.
- Cheema said the debt-to-GDP ratio fell to 45% from 48% as 85% of current receipts service inherited liabilities and ₹21,860 crore in past dues were cleared.
- Reported revenues rose sharply, with excise at ₹53,000 crore, GST at ₹1,21,000 crore, and stamp registration at ₹30,000 crore under tighter enforcement.
- The plan funds welfare commitments including ₹1,500 assistance for women, ₹2,000 crore for a health insurance scheme subject to augmentation, and doubles MLA LAD funds to ₹10 crore each.
- An expert committee is studying the fiscal impact of restoring the old pension scheme and reviewing experiences in Himachal Pradesh, Rajasthan, and Chhattisgarh.