The Karachi Metropolitan Corporation is going to present its Budget 2021-2022 this week. The outlay is Rs25.9billion.
It is a surplus budget with an amount of Rs11.94million.
Here are some salient features of the budget.
- The current receivable is to be Rs20,088 million with a capital amount of Rs893.21million.
- Funds worth Rs5001million have been allocated for district ADP.
- Establishment expenditures are estimated to be Rs16,202 million.
- Rs2,113 million have been allocated for contingency.
- Rs201.74million allocated for repair and maintenance.
It is the first KMC budget after the four-year tenure of the local government came to end in 2020.
The following shows the amount allocated for Karachi in the last four years.
- FY2020-21: Rs24.8billion
- FY2019-20: Rs26.4billion
- FY2018-19: Rs27.1billion
- FY2017-18: Rs27.1billion
Development projects
The KMC has allocated Rs2451million for development projects in the city. Here are 16 major development projects and the funds allocated for them.
- Rs800 million: improvement of the road from Machli Chowk to KANUPP Road.
- Rs300million: rehabilitation and development of Allama Shabbir Ahmed Usmani Road.
- Rs120 million: cleaning and desalting of stormwater drains.
- Rs100milion: improvement of expansion joints of all bridges.
- Rs100 million: provision and installation of drainage lines at Zulfiqarabad Oil Tanker Terminal.
- Rs81million: renovation and improvement of Hippodrome, a stadium for horse racing.
- Rs80million: development and improvement of the fish aquarium.
- Rs80million: development and improvement of roads, footpaths, and bridges.
- Rs70million: fixing parking plaza at Shahabuddin Market adjacent to Empress Market.
- Rs68million: purchase of ventilators for KMC’s hospitals.
- Rs60million: installation and maintenance of street lights at Mai Kolachi Road.
- Rs50million: road site plantation estimated.
- Rs50million: purchase of animals/birds for Safari Park and Karachi zoo.
- Rs49million: purchase of medical, electrical and other equipment for KMC’s hospitals.
- Rs40milllion: development and improvement of the zoo and Safari Park.
- Rs15million: construction of a badminton court at Aga Khan Park.
From where will the KMC will get its revenue in FY2021-22?
- Octroi Zila Tax share: Rs15,075 million
- District ADP: Rs5,001 million
- Dues against K-Electric: Rs1,850 million
- Revenue to be collected from land, state, ZOT, enforcement, Katchi Abadies, PD Orangi, and charged parking: Rs1,708 million
- Municipal utility charges and taxation: Rs1,312 million
- Culture, sports and recreation: Rs184million
- Transport and communication: Rs261million
- Veterinary services: Rs222 million
- Municipal services: Rs201 million
- Dues against KPT: Rs100 million
- Transfer of income from SBCA: Rs100 million
- Engineering: Rs95 million
- Medical and health services: Rs81 million
- Parks and horticulture: Rs35 million
- Enterprises and investment promotion: Rs15 million
- Administrator secretariat: Rs1.1 million
- Information technology: Rs0.1 million
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