Urban News

  • Increase font size
  • Default font size
  • Decrease font size

BBMP Budget Not to Have New Projects

Print PDF

The New Indian Express            17.02.2014

BBMP Budget Not to Have New Projects

“We received only around Rs 1,000 crore, which is not at all sufficient. We need funds. This year, that is one of the main reasons the BBMP budget will focus on financial discipline. If we bring some change now, it will bring discipline in the coming years,” Shivaprasad said. | EPS
“We received only around Rs 1,000 crore, which is not at all sufficient. We need funds. This year, that is one of the main reasons the BBMP budget will focus on financial discipline. If we bring some change now, it will bring discipline in the coming years,” Shivaprasad said. | EPS

Bringing in financial discipline and completing ongoing works are likely to be some of the focus areas of the BBMP budget to be presented on Monday. For the first time, the ruling BJP is presenting the budget on time.

Speaking to Express, BBMP Standing Committee (Taxation and Finance) chairman M S Shivaprasad, who will be presenting the budget, said the budget size will be less compared to the previous years.

“In my budget, we are trying to bring financial discipline. We are taking some initiatives to mobilise more revenue,” he said.

A senior BBMP official said a high-rise building cell will be formed with a dedicated set of officials to target properties with tax liabilities of `1 crore and more, and collect dues and taxes from them. This will help BBMP get more revenue.

Dr Shivaprasad said they have allotted more funds for ongoing and spillover works.

“We announced projects in the previous years. Due to paucity of funds, we are yet to complete them. In this year’s budget, we have focused more on those works and allotted more funds to them. We are not taking up any new major projects this year. It will be meaningless if we keep on announcing new projects, and not have sufficient funds. Let us complete the works announced earlier,” he said.

Shivaprasad said the budget has given priority to health and will also focus on the environment.

He said he was disappointed with the Chief Minister’s state budget.

“We received only around `1,000 crore, which is not at all sufficient. We need funds. This year, that is one of the main reasons the BBMP budget will focus on financial discipline. If we bring some change now, it will bring discipline in the coming years,” Shivaprasad said.