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Another inflated budget from BBMP

Comments(3) Sub Category:Uncategorized Posted On: Jun 29, 2012

The Bruhat Bangalore Mahanagara Palike (BBMP) on Thursday presented an inflated budget for 2012-13 fiscal with an outlay of Rs. 9,498.90 crore which is Rs. 100 crore more than the 2011-12 budget.

Chairperson of the Standing Committee for Taxation and Finance K.A. Muneendra Kumar said the total anticipated revenue was Rs. 9,288.95 crore, while the expected expenditure is around Rs. 9,498.9 crore.

The expected tax revenue is Rs. 2,075.5 crore, while the non-tax revenue is Rs. 1,915.04 crore. The budget has also taken into account Rs. 1,887.35 crore of government grants and Rs. 3,411.06 crore miscellaneous receipts.

With Rs. 2,628.77 crore as revenue expenditure and Rs. 6,870.13 crore as capital expenditure, there will be a surplus of Rs. 1.8 crore if the carried over funds from last year are taken into account.

To read more real estate news:

BBMP budget to be expected by month-end

Source: Times of India

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