Withdrawing new liquor policy set to hit Delhi revenues by 45% in FY23

State govt could still raise revenue surplus for the year after reverting to old way of conducting liquor trade

The Delhi government’s abandonment of a new excise policy is projected to dent its tax revenues from liquor by 45 per cent in FY23. Still, the state government 's own tax revenues are projected to rise slightly by 1.6 per cent for the year, helping it to increase its revenue surplus position.

Data in the state budget, which was presented in the assembly on Wednesday, showed that the government will get Rs 6,499 crore from excise duty on country spirits, foreign liquor and spirits in the revised estimates (RE) for 2023-24 against Rs 9,450 crore pegged in the budget estimates