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GHMC budget for 2017-18 gets nod
Greater Hyderabad Municipal Corporation standing committee on Friday approved the corporation budget of Rs 5,643 crore for
- Increase of a mere `43 cr from the current year
- No new projects proposed for next year
Hyderabad: Greater Hyderabad Municipal Corporation standing committee on Friday approved the corporation budget of Rs 5,643 crore for financial year 2017-18. Of the proposed total budget, Rs 3,026.73 crore has been earmarked under capital expenditure and Rs 2,616.27 crore under revenue expenditure.
According to the budget approved by the standing committee , corporation projected the revenues in 2017-18 at Rs 2,926.82 crore as against Rs 2,723.24 crore this year and the revenue surplus in the next financial year wold be Rs 310.55 crore.
Capital receipts has been shown as Rs 3,026.73 crore in the next financial year. In the current year it was Rs 2,475.29 crore. And the capital expenditure would be Rs 3,026.73 crore as against Rs 2475.29 in the present financial year. Besides the proposed budget, the corporation would also receive about Rs 500 crore from the Government of India under various Centrally sponsored schemes or program including 13 & 14 Finance Commission Grants, Swachh Bharat, Sardar Patel Housing Yojana.
The budget proposed for 2017-18 is just an increase of Rs 43 crore over the 2016-17 budget which means no new projects have been proposed during the next financial year.
