Brihanmumbai Municipal Corporation Presents Rs 52,619 Crore Budget

The Brihanmumbai Municipal Corporation on Saturday presented Rs 52,619.07 crore budget for the year 2023-24.

The budget estimates this time are 14.52% more than the 2022-23 amount.

The budget was presented to municipal commissioner Iqbal Singh Chahal, who is the state-appointed administrator of the civic body.

"The budget estimates for the financial year 2023-24 are proposed to Rs 52,619.07 crore, which exceeds the budget estimates of 2022-23, that is Rs 45,949.21 crore, by 14.52%", the budget document states.

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 as the five-year term of its corporators came to end on Mar. 7, 2022.