BMC Budget 2024-25: Focus On Infrastructural Projects, Allocation Over 10% Higher Than Last Year | Updates

The Brihanmumbai Municipal Corporation (BMC) will present its budget for the financial year 2024-25 on Friday at its headquarters in Mumbai. The budget was presented by the additional municipal commissioners to civic commissioner Iqbal Singh Chahal.

Usually, the municipal commissioner presents the budget to the BMC’s standing committee, but since the term of corporators ended in March 2022, this is the second year when the civic body’s budget will be presented to the administrator.

As far as the budget allocation is concerned, the civic body, India’s richest, last year proposed to use Rs 5,970 crore from fixed deposits or 11% of the total budget estimate of Rs 52,619 crore. This trend is likely to continue this year too.

Before that additional municipal commissioner (eastern suburbs) Ashwini Bhide will present the education department’s budget estimates for the next fiscal to the administrator-cum-commissioner, it said.

As the BMC unveils its annual budget, here’s all you need to know:

• This year, the total budget allocation was 10.5 per cent higher than that of last year at Rs 59,954.75.
• BMC announced an annual education budget of Rs. 3497.82 for the Financial Year 2024-25 on Friday morning.
• The BMC has proposed in its annual budget for FY 2024-25 to provide Modern School Dictionaries (English-Marathi) to around 170000 students of standard 5 to 10 BMC schools.
• The civic body has set up a budget provision of Rs 3.52 crore for primary and Rs 1.17 crore for secondary schools.
• The BMC, in its budget, has also proposed to carry out a financial review to revise the current sewerage charges.
• The civic body has also proposed to carry out a financial study to make all the upcoming major infrastructure projects self-sustainable.
• A provision of Rs 1,930 crores has been proposed in the budget estimates for the Storm Water Drains (SWD) department.
• For the Solid Waste Management department, the budget has allocated Rs 168 crore.
• For the Mumbai Coastal Road Project, the BMC has allocated a fund of Rs 2,900 crore.