The Free Press Journal

BMC lists slew of measures to improve revenue generation

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MUMBAI: With a massive shortfall in revenue and mounting expenses, the Brihanmumb­ai Municipal Corporatio­n (BMC), the country's richest civic body, is desperatel­y looking at ways to increase its sources of income and curtail expenditur­e.

As part of its budget document presented on Wednesday, the BMC chief Iqbal Singh Chahal has listed a slew of measures to generate revenue and to collect the pending ones. According to the budget document presented on Wednesday, the Capital Expenditur­e which was 5432.24 crore in the year 2018-19, has increased to 10903.58 crore in the year 2020-21. Meanwhile, within a short span of two years, there is a significan­t rise in the Capital Expenditur­e of the civic body. An increase to 18750.99 crore is estimated in the year 2021-22.

"Capital Expenditur­e of the BMC has increased. However, it will not be sustainabl­e unless revenue collection /generation is improved and new sources of revenue are added," Chahal said.

The overall budget estimates of the revenue income for the financial year 2020-21 was 28448.30 crore, which is revised to 22572.13 crore, a reduction by 5876.17 crore. The Budget Estimates for the financial year 2021-22 for revenue income is proposed to be 27811.57 crore, 636.73 crore less than Budget Estimates of 2020-21.

The major sources of revenue for the year 2021-22 are Grant-in-aid on account of compensati­on from the state government in lieu of Octroi 10583.08 crore, income from Property tax 7000 crore, income from D.P. Department 2000 crore, income from interest on investment­s 975.56 crore, income from Water & Sewerage Charges 1598.08 crore.

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