GHMC standing committee is likely to be presented with the draft budget proposals for the financial year 2022-23 amounting to ₹6,150 crore.
This is ₹550 crore higher than the previous year’s budget, to be met from the revenue majorly through property tax, building permission fee, trade license fee and borrowings.
The draft budget shows ₹3434 crore as revenue receipts and ₹2800 crore as revenue expenditure, which leaves a revenue surplus of ₹634 crore. Amount to be spent on capital expenditure is shown at ₹3,350 crore.
