The GHMC's total outlay is Rs. 3,600 crore, including revenue expenditure of Rs. 1,317 crore and capital expenditure of Rs. 2,283 crore.
The General Special Council of the Greater Hyderabad Municipal Corporation (GHMC), on Thursday, approved a Rs. 3,600 crore budget for the financial year 2012-13.
The GHMC's total outlay is Rs. 3,600 crore, including revenue expenditure of Rs. 1,317 crore and capital expenditure of Rs. 2,283 crore.
GHMC Mayor Mohammad Majid Hussain said that the budget was poised to reflect the plans and priorities of GHMC for the ensuing year.
"Many projects, schemes, programs and policies are being implemented by the GHMC for the improvement and upgradation of civic amenities in the GHMC area. The Greater Hyderabad Development program and the Slum-Free Hyderabad Project are 2 prestigious programs being taken up in the 2012-13 financial year," he said.
The Mayor said that the Old City Development Package, the Charminar Pedestrianisation Project and the Musi Revitalisation Project, among other projects under JNNURM, would be continued as spill-over works.
Majid Hussain claimed that under the revenue account, the tax revenues, fees and user charges receipts of GHMC were showing signs of improvement due to better utilisation of property tax collections, trade licensing fees, building permit fees, buildings development charges, betterment charges, impact fees, garbage collection charges, advertisement fees and other user charges and levies.
The GHMC expects property tax collections to go up to Rs. 720 crore next year, without an increase in the tax rates, by bringing all un-assessed properties into the tax net; by unearthing under-assessment and change of use by property owners; and through recovery of property tax dues from defaulting property-owners.
The GHMC Mayor said that an amount of Rs. 599.85 crore is expected towards assigned revenues such as surcharge on Stamp Duty, Entertainment Tax, Profession Tax and Motor Vehicle Tax.
The corporation is also expected to receive Rs. 65 crore towards trade licenses fees. While Rs. 35 crore are expected from Advertisement Tax, the Town Planning wing is likely to earn Rs. 478 crore this year.
The GHMC also expects plan grants from the Central and state governments, including the last tranche of funds under JNNURM.
Plan grants of Rs. 1,092 crore in 2012-13 would include Rs. 215 crore under JNNURM, Rs. 450 crore under the Hyderabad Metro Rail Project, Rs. 30 crore under MMTS Phase II, Rs. 89 crore from the 13th Finance Commission, and Rs. 308 crore under Rajiv Awas Yojana.
Further, the GHMC has also lined up a loan of Rs. 600 crore through financial institutions and banks, for taking up the Greater Hyderabad Development Plan.
Of the total budgeted revenue expenditure of Rs. 1,317 crore, as much as Rs. 650.49 crore has been earmarked towards establishment expenses, Rs. 526.30 crore towards operation and maintenance, and Rs. 44.42 crore towards administrative expenses.
A total amount of Rs. 2,283 crore has been allocated under capital expenditure, including Rs. 609 crore towards land improvement, Rs. 150 crore for bridges, flyovers and subways, Rs. 486.60 crore for roads and pavements, Rs. 100 crore for storm water drains, Rs. 40 crore for water supply and sewerage, Rs. 56 crore for street lighting, and a massive outlay of Rs. 701 crore for housing. (INN)