The Brihanmumbai Municipal Corporation (BMC), the richest civic body in the country, on Saturday presented Rs 52,619.07 crore budget for the year 2023-24, with the budgetary estimates crossing the Rs 50,000 crore-mark for the first time.
The budgetary estimates this time are 14.52 per cent more than the 2022-23 amount of Rs 45,949 crore. The BMC administration presented the budget to municipal commissioner Iqbal Singh Chahal, who was appointed as the civic body’s administrator by the state government in March last year after the five-year term of corporators ended. “The budget estimates for the financial year 2023-24 are proposed at Rs 52,619.07 crore, which exceeds the budget estimates of 2022-23, that is Rs 45,949.21 crore, by 14.52 per cent,” the budget document said.
