The Brihanmumbai Municipal Corporation (BMC) on Saturday presented Rs 52,619.07 crore Budget for the financial year 2023-24. The budgetary estimates were 14.52 per cent more than the 2022-23 amount of Rs 45,949 crore. The budgetary estimates crossed the Rs 50,000 crore mark for the first time in the country’s richest civic body. Due to Covid-19, the revision of Property Tax was deferred during 2020-21 and 2021-22. In the year 2022-23, the Government of Maharashtra accepted the proposal of BMC to defer the revision of Property Tax by another year.
Health Expenditure
The health expenditure in the budget is estimated to be Rs 6309.38 Crore, which is 12 per cent of the total budget. Some of the important projects involve the redevelopment of Bhagwati Hospital, the construction of Centenary Hospital, the expansion of M.T.Agarwal Hospital, proposed Construction of Centenary Hospital in Kandivali.
Infrastructure
Rs 27247.80 crore is proposed for infrastructure works which would facilitate the speedy of major projects like Coastal Road Project, GMLR, STP, concretisation of roads water and sewerage tunnels, Mithi River projects and rejuvenation of rivers.
