Rs 2,935 crore draft budget for GHMC

HYDERABAD: The Greater Hyderabad Municipal Corporation has prepared a draft budget outlay of about Rs 2,934.99 crore for 2012-13, which is Rs 385 crore less than what it was for 2011- 12. The

Published: 18th January 2012 04:08 AM  |   Last Updated: 16th May 2012 06:16 PM   |  A+A-

HYDERABAD: The Greater Hyderabad Municipal Corporation has prepared a draft budget outlay of about Rs 2,934.99 crore for 2012-13, which is Rs 385 crore less than what it was for 2011- 12. The Budget Estimates and Revised Budget Estimates will be placed before the Standing Committee on Wednesday as required under Section 182 of the HMC Act.

The draft budget was to have been placed on November 10, 2011 but was delayed for some reasons.

Apart from the draft budget for next year, the Revised Estimates for the current year (2011-12), which is around 2,136.15 crore as against the proposed Rs 3,321.15 crore, will be placed before the committee.

There could be minor modifications to the draft budget as the Standing Committee and the General Body can make certain changes to the budget by including new developmental works and excluding some.

Only after the approval of the Standing Committee and the General Body would the budget proposals be sent to the government for approval.

A broad outlay has been prepared keeping in view GHMC's priorities and JNNURM commitments, laying emphasis on housing and urban poverty alleviation programmes The Rs 2,934.99-crore outlay includes Capital Expenditure (Rs 1,682.74 cr) and Revenue Expenditure (Rs 1,252.25 cr).

The capital expenditure includes Hyderabad Metro Rail Project (Rs 370 cr), Greater Hyderabad Development Programme (Rs 257 cr), JNNURM (Rs 215 cr), RAY ( Rs 100 cr), UCD capital works (Rs 236 cr), Multi- Modal Transportation System (Rs 30 cr), Roads and Pavements (Rs 325 cr), storm water drains (Rs 89 cr), streetlighting (Rs 51 cr).

The revenue expenditure includes personal cost, operational, programme, administrative and finance expenses.

While preparing the draft budget, government instructions have been followed on providing minimum working balance and other statutory provisions.

The budget has been designed in line with State Municipal Accounting Manual Suggestions.

The corporation will spend a lot on solid waste management, Rajiv Awas Yojana, GHDP and other schemes.

Revenues are expected from property tax collection (Rs 654 cr), surcharge on stamp duty (Rs 150 cr), profession tax, entertainment tax, MV tax (Rs 350 cr).

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