City Council approves KMC budget for next fiscal year

The City Council unanimously approved the Karachi Metropolitan Corporation’s (KMC) budget for the fiscal year 2017-18 with a surplus amount of Rs9.92 million on Tuesday.

The council’s session was convened under the chairmanship of Karachi Mayor Waseem Akhtar, while Deputy Mayor Dr Arshad Vohra and Municipal Commissioner Hanif Muhammad Merchawala were also present on the occasion.

A total of 19 resolutions were approved during the meeting, while the council members participated in a debate on the budget to express their respective opinions. House leader Aslam Shah Afridi congratulated the mayor, his team and every member of the City Council for presenting an “excellent” budget for the next fiscal year.

A day earlier, the mayor had unveiled the KMC’s Rs27.14 billion budget for the financial year 2017-18 during the City Council’s session. Total receipts in the budget for the next fiscal year are Rs26.84 billion, including Rs18.02 billion as current receipts and Rs1.8 billion as capital receipts.

Funds for the provincial annual development programme (ADP), the district ADP and the viability gap funding (VGF) will be Rs7.03 billion. The total expenditure for the next financial year will be Rs27.14 billion, out of which Rs11.74 billion are allocated for the establishment, Rs2.08 billion for contingent expenses and Rs251.69 million for repairs and maintenance, totalling Rs14.07 billion. Besides, Rs6.05 billion have been earmarked for development projects while expenditures from the provincial ADP, the district ADP and the VGF will be Rs7.03 billion.