GHMC approves `11.5K cr Budget

The GHMC’s general body unanimously approved a Budget of `11,538 crore for 2019-20, presented by Mayor Bonthu Rammohan on Saturday.

It approved the revised budget, which has increased by `775 crore over this year’s Budget of

`5,375 crore.

The budget estimates for major projects of other corporations assigned to GHMC have been increased to `5,388 crore from last year’s

`3,560 crore. Mr Rammohan said that

`1,850 crore had been sanctioned for the Strategic Road Development Plan, `176 crore for bridges, flyovers and subways, `409 crore for stormwater drainage, `262 crore for water supply and sewerage, `44 crore for street lighting, `71 crore under green budget.

The general body approved a separate Budget for major projects of other corporations assigned to the GHMC, such as the Telangana Housing Corporation for construction of 2 BHK houses, and Hyderabad Road Development Corporation Limited

■ BUDGET OUTLAY OF `11,538 crore includes revenue income of `3,210 crore, capital receipts `733.50 crore, borrowings `2,367 crore and funds from other corporations `5,388 crore.

■ THE BUDGET estimate for 20182019 was `3,560 crore.

for laying roads. This budget has been reduced by about `1,600 crore from `7,073 crore (2018-19) to `5,388 crore.

The GHMC has approved a Budget of `11,538 crore for two separate categories for the year 201920 as against `13,150 crore for 2018-19, showing a reduction of `1,612 crore.

Mr Rammohan said the corporation has been executing the weaker section housing programme in an efficient manner. As against the target of 1 lakh double-bed room housing units, the construction of 30,562 units was nearing completion, he said.