GHMC presents Rs 56k crore budget estimates for 2021-22 fiscal
Hyderabad, Nov. 13 -- The Greater Hyderabad Municipal Corporation (GHMC) on Thursday placed the annual budget proposals of Rs.5,600 crore for the financial year 2021-22 before the standing committee. The standing committee meeting was held at the corporation head office, with Mayor Bonthu Rammohan and GHMC Commissioner Lokesh Kumar in presence.
The estimated project income through property tax at 32 per cent (or Rs. 1,850 crore) of the total amount and loan component is placed at 22 per cent (at Rs. 1224.5 crore). Further, fees and user charges were projected at 17 per cent of the total income (at Rs. 1022.7 crore) and plan grants at 14 per cent (Rs. 770.5 crore).
Revenues assigned to GHMC under other heads have been projected at 13% of...
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