Delhi Finance Department asks all Principal Secretaries and Heads of Departments to submit government fiscal stress report

The departments also received a series of questionnaires to compile the detailed report. The deadline for submitting the report is June 3.

According to senior officials, the finance department wrote a letter to all departments following the order from the central government. “The letter was released earlier in the first week of this month and the report was requested by May 11. The questionnaire has been received from the Department of Economic and Policy Research as the Governor of the RBI desires a detailed assessment of the fiscal stress and risk of different states and UTs,” reads the letter released by the Finance Department of Delhi.

Officials said the department has yet to submit the report, so the finance department’s state resources division again ordered departments to submit detailed compiled information by June 3 on a priority basis.

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Following the Centre’s order, Delhi’s finance department has also requested all its departments to provide details of the amount of subsidy given by the government on food, electricity, agriculture and others of 2019-2020 to 2022-23, the number of times it has had to face natural disaster and the approximate cost incurred by the state due to it and whether any guarantees granted by the government have been realized / invoked during for the last five years and what is the approximate value of the guarantees made.

They were also asked to provide details on bailing out troubled financial institutions, municipal corporations and non-tax businesses over the past five years. The departments will also have to provide details on the number of employees working in the age group of 50-55 years and 55-60 years (framework wise) for the assessment of the pension burden in the next 10 years.