The Brihanmumbai Municipal Corporation (BMC), the richest civic body in the country, on Saturday presented a Rs 52,619.07 crore budget for the year 2023-24, with the budgetary estimates crossing the Rs 50,000 crore-mark for the first time. (Pics/Anagha Sawant)
Updated On: 2023-02-04 01:37 PM IST
The budgetary estimates this time are 14.52 per cent more than the 2022-23 amount of Rs 45,949 crore
The BMC administration presented the budget to municipal commissioner Iqbal Singh Chahal, who was appointed as the civic body's administrator by the state government in March last year after the five-year term of corporators ended
This is for the first time after 1985 that the administration of the richest municipal body in the country presented the budget to an administrator
In the budget, the civic administration has allocated Rs 27,247.80 crore towards capital expenditure and Rs 25,305.94 crore towards revenue expenditure
As per the budget document, Rs 3,545 crore have been allocated for the ambitious Coastal Road project that is expected to complete this year end, while Rs 1,060 crore are earmarked for the Goregaon-Mulund Link Road, which will reduce travel distance between Western suburbs of Mumbai and Thane city, and Rs 2,825 crore for traffic operations and roads projects
The actual capital expenditure of Rs 8,398.35 crore is incurred up to December 2022, which is 40.26 per cent of the revised estimates for FY 22-23
