Mumbai: While BMC is ready to present its newest budget, the Civic Records show that in the last financial year (April 2021-March 2022), BMC has spent 47% of allocations for capital expenditure until December 202.
Maximum has been spent on road repairs and ambitious coastal coastal roads.
In his budget for 2021-22 which has total expenditure RS 39,038 Crore, BMC allocates RS.
18,751 Crore for Capex.
This, until December 31, Rs 8,759 Crore (47%) was spent.
The maximum RS 1,998 Crore was spent on the Mumbai coastal road project while Rs 1,351 Crore was spent by the road and the traffic department.
The Mumbai coastal road project is estimated to cost Rs 12,000 crores and nearly 50% of construction work is now complete.
So big expenses are not surprising.
But the opposition leader Ravi King questioned high expenses by the Department of Road.
“In a year when BMC did not start the main road repair work, they spent more than 1,300 crore rs on road repairs.
It seems that the bill was completed in the current financial year for the improvement of the previous road, which was unfair,” King said.
The leader of the Jamajwadi Party in BMC Rais Shaikh said the consecutive budget has shown that expenditure is not aligned with the allocation made.
“In the decline in the budget, beauty and the previous path was announced.
But without the overall policy for that, money was spent carelessly in painting and trying to beautify various parts of the city,” Shaikh said.
This year, the budget size is expected to cross the hospital.
40,000 crore.
This means that the allocation of capital expenditure can also increase.
Officials said money for mega infrastructure projects such as coastal roads, Goregaon-Mulund Link Road (GMLR), desalination plants and waste-to-energy factories and expenditures on roads and bridges is set to increase.
With it being a year of polls, political experts believe that the ruling party, Shiv Sena, cannot bring new taxes.
“Even though it will be a difficult contest, with Shiv Sena has been in power in the state government, they will want to use their political dividends to ensure that they can get the power once again in the corporation,” said Surendra Jondhale analyst.
Capex in Mum: 47% of last year’s allocation is used until December
