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The Brihanmumbai Municipal Corporation (BMC) on Saturday presented ₹52,619.07 crore budget for the year 2023-24.
The budget estimates this time are 14.52 per cent 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 ₹52,619.07 crore, which exceeds the budget estimates of 2022-23, that is ₹45,949.21 crore, by 14.52 per cent," 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 March 7, 2022.
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