GHMC okays `13,150 cr budget for 2018-19

A budget of `13,150 crore for 2018-19 was unanimously approved at the 11th special meeting of the corporators of the Greater Hyderabad Municipal Corporation (GHMC) on Monday.

The budget is divided into two parts — `6,076.86 crore exclusively for the GHMC, and `7,073.14 for the Hyderabad Road Development Corporation Limited (HRDCL), the 2BHK housing project, and the Musi riverfront development project.

It is almost double the GHMC’s budget for 201718, which was `5,643 crore. The GHMC hopes to take up more infrastructure projects and schemes, and so it has allocated `10,475 crore for capital receipts and capital expenditure, up from the `5,151 crore allocated in the current financial year.

The approved budget estimates will be sent to the state government for final approval.

Earlier, the GHMC’s budget was restricted to `6,076.86 crore, and it was endorsed by the standing committee on December 14. However, the corporation later decided to earmark an additional `7,073.14 under three heads — `6,317.64 crore for the 2BHK housing project, `377.75 crore for HRDCL and `377.75 crore for the Musi riverfront development project.

In the past, the development of the Musi river, the construction of 2BHKs, and a section of road works were handled by the GHMC.

The GHMC budget is divided into the following heads — `3,325 crore under revenue income, `2,675 crore under revenue expenditure, `650 crore as surplus, `3,401.86 crore under capital receipts and `3,401.86 crore under capital expenditure.

Revenue receipts worth `1,725.20 crore (51.89 per cent) have been generated from taxes, and `1,033.17 crore (31.07 per cent) has been generated in the form of fees and user charges. Of the total revenue expenditure, `1,488.79 crore (55.66 per cent) has been spent on administrative expenses, and `1,043.90 crore (39.02 per cent) has been spent on operation and maintenance. During the special meeting, the corporators also demanded `2 crore for the Ward Development Fund and a salary hike.

THE GHMC BUDGET is divided into the following heads — `3,325 crore under revenue income, `2,675 crore under revenue expenditure, `650 crore as surplus, `3,401.86 crore under capital receipts and `3,401.86 crore under capital expenditure.

REVENUE RECEIPTS worth `1,725.20 crore have been generated from taxes.