GHMC approves 11,538 Cr Budget
Hyderabad, Feb 9 (INN): The General Body of Greater Hyderabad Municipal Corproation (GHMC) unanimously approved a budget of Rs. 11,538 crore for the financial year 2019-20 presented by Mayor Dr. Bonthu Rammohan on Saturday.
The outlay of Rs. 11,538 Crore includes Revenue Income of Rs. 3,210 Cr (27.82%), Capital Receipts of Rs. 733.50 Cr (6.36%), Borrowings of Rs. 2,367 Cr and funds from other Corporations is Rs. 5,388 Cr (46.70%). It excludes Rs. 160.50 Cr which is 5% minimum working balance on Revenue Income.
The Mayor, in his speech, informed that the Estimated Capital Receipts of GHMC comprises of Revenue Surplus of Rs. 241.50 Cr, Plan Grants of Rs. 421.32 Cr, Contributions of Rs. 211, Regularisation Fees of Rs. 101.18 Cr and Borrowings of Rs. 2,367 Cr and another amount of Rs. 5,388 Crore towards Plan Grants from Hyderabad Road Development Corporation and Housing Corporation.
Of Rs. 2808 Crore of Revenue Expenditure, an amount of Rs. 1506.38 Cr (53.65%) will be Establishment Expenses and Rs. 123.27 Cr (4.39%) will be Administrative Expenses. An amount of Rs. 1110.39 Crore will be spent on Operations and Maintenance, Rs. 35.30 Cr on Interest & Finance Charges and Rs. 32.66 Cr towards Programme Expenses.
The Capital Expenditure has been divided into two categories. Under the first category of GHMC Budget, the GHMC plans to spend Rs. 1650.31 Cr (18.90%) on Roads & Pavements, Rs. 409.75 Cr (4.69%) on Storm Water Drainage, Rs. 340.54 Cr (3.90%) on Land & Land Improvements; Rs. 299.43 Cr (3.43%) on Buildings and Rs. 176.34 Cr (2.02%) on Bridges, Flyovers & Sub-ways. In the second category of Budget of 2 Major Project of other corporations assigned to GHMC, the corporation will spend Rs. 5,188 crore (59.43%) on Housing and Rs. 200 crore (2.29%) of Roads & Pavements. Therefore, the overall Capital Expenditure will be of Rs. 8,730 Crore.
The Mayor said that the GHMC has been executing the weaker section housing programme in an efficient manner. As against the target of 1 lakh double-bed room housing units, he said the construction of nearly 30,562 units was nearing completion. He said remaining houses too would be completed soon.
The GHMC expects that its revenues from Property Tax will increase to Rs. 1694 Crore in 2019-20, compared to Rs. 1565 Crore in 2018-19. Similarly, the revenue through Advertisement Fee is estimated to increase to Rs. 38.08 Cr compared to Rs. 37.78 Cr last year. Likewise, the Trade License Fee is estimated to fetch Rs. 66 crore in 2019-18, an increase by Rs. 6 Crore compared to last year.
Deputy Mayor Baba Fasiuddin, GHMC Commissioner Dana Kishore, MLCs Syed Amin Jaffery, M.S. Prabhakar and Mohammed Saleem, MLAs Ahmed Pasha Quadri, Kausar Mohiuddin, Ahmed Balala and M. Krishna Rao, Corporators and senior officials were present in the General Body meeting during the present of budget.
News Posted: 9 February, 2019