GHMC standing committee approves draft budget

The GHMC Standing Committee, which met here on Thursday approved the Rs.13,150 draft budget for the 2018-19 financial year

By Author   |   Published: 14th Dec 2017   10:10 pm Updated: 14th Dec 2017   10:11 pm
Bonthu Rammohan
File Photo: Bonthu Rammohan, Mayor, Hyderabad. Photo:Hrudayanand

Hyderabad: The standing committee of the Greater Hyderabad Municipal Corporation (GHMC) has approved a draft budget of Rs.13,150 crore for the financial year 2018-19.

This is nearly two and half times higher than the 2017-18 financial year’s budget of Rs.5,643 crore. GHMC officials said budget estimates for 2017-18 were revised from Rs.5,643 crore to Rs.7,661 crore.

The Standing Committee, which met here on Thursday approved the Rs.13,150 draft budget for the 2018-19 financial year. The municipal corporation will now present the draft budget before the General Body, before submitting it to the State Government for final approval.

The municipal corporation has lined up several projects, including those under the Strategic Road Development Programme during the current financial year.

The Corporation has also projected a Capital Expenditure (CE), which involves new and major infrastructure projects at Rs 10,475 crore for 2018-19.

The Revenue Income for 2018-19 has been projected at Rs 3,325 crore while Revenue Expenditure, which comprises staff salaries, operation and maintenance, was projected at Rs 2,675 crore. According to GHMC, about Rs.650 crore will be Revenue Surplus for the year 2018-19.

Accordingly, the Capital Expenditure for this year (2017-18) is Rs 5,151.79 crore while Revenue Expenditure during the same period is Rs 2,509.21 crore. The Revenue Income for 2017-18 is being projected by GHMC at Rs 2,905.28 crore.

Along with the draft budget, the Standing Committee also approved a few other agenda, including approval for appointing retired district judges at central office and magistrate level retired judges at zonal offices for monitoring court cases and functioning of the standing council.

These apart, proposals for constructing a Road Under Bridge at Uppuguda level crossing, flyover at Rethibowli and Nanal nagar, a two-way flyover from Gachibowli to Kondapur, a four-lane elevated corridor from Indira Park to Baghlingampally junction along the VST main road, were approved.

2018-19 Budget highlights

Revenue income: Rs.3325 crore

Revenue Expenditure: Rs.2675 crore

Revenue surplus: Rs.650 crore

Capital receipts: Rs.10,475 crore

– Capital expenditure: Rs.10,475 crore

– Total budget: Rs.13,150 crore