BMC budget of over Rs.80K cr presented
MUMBAI, Feb. 26 -- The Brihanmumbai Municipal Corporation (BMC) on Wednesday presented its largest-ever annual budget, pegged at Rs.80,952.56 crore, with an aggressive push on infrastructure even as the civic body returns to elected governance after four years of administrator rule.
Municipal commissioner Bhushan Gagrani presented the budget before the standing committee. The civic budget has more than doubled in the four-year administrator period - from Rs.38,515.49 crore in 2022-23 to Rs.80,862.72 crore in 2026-27.
For the second consecutive year, Gagrani maintained a 60:40 ratio between capital and revenue expenditure, a reversal of the 40:60 capital-to-revenue ratio presented by former municipal commissioner I S Chahal. The capital expenditure, earmarked for development and infrastructure projects, has been pegged at Rs.48,164.28 crore, while revenue expenditure, which includes salaries and establishment costs, stands at Rs.32,698.44 crore.
Explaining the shift in spending priorities, Gagrani said in his budget speech, "Over the years, the expenditure trend of BMC reflects a meticulous shift towards strengthening long-term assets." P4...
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