Ahead of the municipal polls, the South Delhi Municipal Corporation is keeping a major chunk of its budget reserved for unauthorised and regularised colonies.
Ahead of the municipal polls, the South Delhi Municipal Corporation is keeping a major chunk of its budget reserved for unauthorised and regularised colonies. For development work in the unauthorised colonies, the civic agency has made a provision to increase the amount from Rs 10 crore to Rs 15 crore. In addition to this, special provision of Rs 20 crore has also been made for sanitation purposes. For development work in regularised colonies, the corporation has increased budgetary provision from Rs 25 crore to Rs 30 crore.
The SDMC’s standing committee chairman Radhey Shyam Sharma in his budget proposal on Friday said that for the financial year 2016-2017, the civic body has increased the budgetary provision for urban villages from Rs 30 crore to Rs 35 crore.
The civic officials said that the South Corporation has taken no loan after trifurcation from the Delhi government. Mr Sharma said that in the last financial year 2014-15, the civic agency collected Rs 3,235.05 crore and spent Rs 2,637.45 crore while generating surplus of Rs 358 crore. However, in the current financial year 2015-16, the civic body has estimated a revenue target of Rs 3,316.69 crore.
The officials said that as per 3rd Delhi Finance Commission, Rs 1,239 crore Municipal Reform Fund is pending with the Delhi Government. However, as per 4th Delhi Finance Commission, Rs 3,400 crore Municipal Reform Fund is pending with the government. For the upcoming financial year, the South Corporation is expecting revenue generation of Rs 4,079.56 crore while the expenditure is estimated at Rs 4,264.45 crore. The civic agency has no plans to borrow and is seeking no loans under plan head from GNCTD.
“We are focusing on debt-free corporation by 2017-18 and we are on our way to achieve this. We are making timely payment of salary and providing other benefits to the employees and also making timely payment to the contractors.”
