Cash-strapped municipal body of Hyderabad in dire need of funds

The cash-strapped GHMC has sought budgetary allocation of Rs 2,018 crores from the state government for the year 2017-18.

Published: 18th February 2017 04:08 AM  |   Last Updated: 18th February 2017 04:08 AM   |  A+A-

Express News Service

HYDERABAD: The cash-strapped Greater Hyderabad Municipal Corporation (GHMC) has sought budgetary allocation of Rs 2,018 crore from the state government for the year 2017-18. The civic body’s demand is an effort to bail it out from financial instability.

For the current year (2016-17), the government-sanctioned Rs 70 crore towards payment of property tax on government buildings, taxes on vehicles, profession tax and octroi etc to the corporation. However, nothing was sanctioned for implementation of new schemes and projects including the double bedroom houses for urban poor, Strategic Road Development Plan (SRDP) and other projects.

For 2016-17, there were no major budget allocations made by the state government to the corporation. Presently, GHMC is reeling under severe financial crisis and finding it difficult to pay salaries to its staff.

Meanwhile, GHMC officials told Express that the corporation has submitted budget proposals to the state government a few weeks ago and hoped that government would allocate adequate funds for the financial year 2017-18.


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