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BMC unveils Rs 33,441 cr budget for 2020-21

BMC unveils Rs 33,441 cr budget for 2020-21

Mumbai: The Brihanmumbai Municipal Corporation (BMC), which is the richest civic body in the country, on Tuesday unveiled its Budget for 2020-21 with the total outlay of Rs 33,441 crore, proposing a 5 per cent increase in fees for various licences without tweaking the existing tax structure.

The BMC's total budget estimates for the next financial year are 8.95 per centmore than the last fiscal when it had presented a budget of Rs 30,692 crore, which was 12.5per cent higher than the 2018-19 estimates.

The budget was presented in the standing committee of the civic body by BMC Commissioner Praveen Pardeshi.

Though the tax structure was kept unchanged, an increase of 5 per cent is proposed in the fees for various licences, birth certificates, market licences and others.

The BMC is expecting the estimated revenue of Rs 28,448.30 crores from various revenue sources in the year 2020-21, which is 13.87 per cent more as compared to Rs 24983.82 crore in FY 2019-20.

The BMC has also focused on various infrastructure projects, health services, education and other facilities, in the budget. The allocation for the ambitious Coastal Road project has been increased by 25 per cent from Rs 1600 crore to Rs 2000 crore.

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