BMC budget crosses 50,000 cr-mark in a first, 14.5% higher than last year

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BMC budget crosses 50,000 cr-mark in a first, 14.5% higher than last year - Business Standard

Quick Summary:

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 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.

This is for the first time after 1985 that the administration of the richest municipal body in the country presented the budget to an administrator.