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Financial Management

BBMP budget draft presented to Mayor

Friday, 13 August 2010 07:58 administrator
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The Deccan Herald  13.08.2010

BBMP budget draft presented to Mayor

Bangalore, Aug 12, DHNS

After a delay of nearly five months and postponement of the budget presentation through the month of ashada, the Bruhat Bangalore Mahanagara Palike (BBMP) Standing Committee on Taxation and Finance is said to be ready to present the budget for the year 2010-11.

The Committee on Thursday presented the budget draft copy to the Mayor S K Nataraj.
According to the Chairman, P N Sadashiva, “The Commissioner tabled the draft copy of the budget 2010-11 to the Mayor S K Nataraj. Now it is the Mayor’s prerogative to decide and fix the final date for the presentation of budget.”

The budget is expected to be notified to the corporators seven days in advance, before it is tabled at the Council.

Sources state that the budget includes setting up of intensive care units at affordable rates as proposed by the Mayor.

S K Nataraj had earlier stated that the  four major hi-tech hospitals will be housed in different parts of the City catering medical services at affordable price for the Below Poverty Line (BPL) families and the elderly.

Last Updated on Friday, 13 August 2010 08:05
 

BBMP budget misses muhurat yet again

Thursday, 12 August 2010 11:01 administrator
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The Times of India  12.08.2010

BBMP budget misses muhurat yet again

BANGALORE: Will the BBMP budget be presented on August 16? No. It's been postponed again.

First it was Ashada (inauspicious month), now one reason is the festival season with the auspicious Shravana month setting in.

Actually it is complete lack of coordination between departments that has forced the BBMP to postpone the budget once again.

It was only last week that mayor S K Nataraj announced that the much-delayed budget will be out on August 16. Corporators across wards are crying for funds to take up development works. "Our hands are tied because we cannot take up any new works in the absence of budgetary allocation.''

What is shocking is the main reason for the delay: The `budget makers' have not got the administration reports, audit reports and annual work reports of the last three years which are crucial for the preparation of the budget.

And none other than the mayor admitted this: "These reports have not been submitted to the Tax and Finance standing committee. This is one of the causes for the delay in budget. But we are making all our efforts to table the budget at the earliest."

According to Tax and Finance committeechairman P M Sadashiva, the budget would be a reality only after August 20. "But there are a series of festivals and holidays during the third week of August with the coming of Shravana. We are yet to zero in on the date for the budget day," he said.

The fresh dates according to the mayor may be August 18 or 23. "There are festivals like Varamahalakshmi vratha observed in between these days. Thus the dates are yet to be finalized," the mayor said.

NO MONEY

BBMP's treasure chest is almost empty with over Rs 3,500 crore of pending bills and Rs 2,334 of loan obtained by BBMP from various financial institutions in the previous year

LAKES DEVELOPMENT

BBMP budget is likely to allocate Rs 150 crore for the development of 125 lakes which are located in the newly added areas. The fund will be called Mega city fund.

Quote hanger

"Why should the budget actually be made after about four months of the BBMP elections? Precious time is lost already. I have no trust in the mayor. He is only a puppet in the hands of the cabinet ministers. Thanks to the mayor, BBMP has become superstitious that they may announce the budget just before the full moon day!"

__ M Nagaraj, opposition party leader (Congress), BBMP council

Last Updated on Thursday, 12 August 2010 11:02
 

Budget date to be postponed?

Thursday, 12 August 2010 07:33 administrator
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The New Indian Express  12.08.2010

Budget date to be postponed?

BANGALORE: Speculations continue to surround the Bruhat Bengaluru Mahangara Palike (BBMP) as sources have said that the budget that was supposed to be unveiled on August 16 will now be presented after August 21.

Sources told Express that the date to present the budget was being moved ahead to accommodate the BJP’s Samavesha, that is scheduled to be held on August 14 in Mysore and on August 20 in Bellary.

JD(S) floor leader in the BBMP council, Padmanabha Reddy had earlier, stated his doubts on the commitment of the ruling party and their obligation to present the budget on time.

He had also said that he would garland the Mayor, if the budget would be presented on August 16.

Last Updated on Thursday, 12 August 2010 07:37
 
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