Numbers' game: KMC quietly unveils budget of Rs33.7b

KMC, cash-starved last year, unveiled a surplus budget of Rs35.59 billion for the fiscal year 2013-14.


Our Correspondent June 25, 2014

KARACHI:


The Karachi Metropolitan Corporation (KMC) unveiled a surplus budget for the year 2014-2015 with an outlay of Rs33.68 billion in a press statement released on Wednesday night. A press conference announcing the budget will follow in a few days.


Of the total outlay, the city administration has set aside Rs7.3 billion for development projects, said the statement. It further said that the administrator used special powers to approve the budget, which also includes a total outlay of income for the current year.


The KMC will increase its revenue by conducting recovery drives with the revenue department, the Karachi Development Authority, K-Electric and from other utility services, said the statement. It further revealed that the KMC has allocated Rs43 million for medical and health services and Rs35 million for education.


It has also allocated Rs340 million for municipal services, Rs240 million for parks and horticulture, Rs850 million for the transport and communication, and Rs720 million for the six district municipal corporations.


KMC, cash-starved last year, unveiled a surplus budget of Rs35.59 billion for the fiscal year 2013-14.


The size of the budget was 12.6 per cent more than the outlay for the fiscal year 2012-13 and no new taxes had been imposed. The budget was announced by the then administrator Syed Hashim Raza Zaidi.

Published in The Express Tribune, June 26th, 2014.

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