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  KMC Council approves Budget for fiscal year 2018-19  
     
  26-Jun-2018  
     
   
     
  The KMC Council approved the Rs27,160.468 million KMC Budget for financial year 2018-19 during its meeting held on Tuesday which was presented by the Mayor Wasim Akhtar in the Council Hall of KMC Building. Metropolitan Commissioner Dr. Syed Saif ur Rehman and Financial Advisor Dr. Asghar Abbas Shaikh were also present on this occasion. Total receipts in the budget for year 2018-19 are Rs26,170.097million, including Rs19,218.475million as current receipts and Rs1,892.400million as capital receipts. Funds for provincial annual development program (ADP) & District ADP will be Rs6,059.222million. The total expenditure for the next fiscal year will be Rs27,160.468million out of which Rs13,312.286million allocated for the establishment; Rs2,110.210million for contingent expenses and Rs217.165m for repair and maintenance. Besides, Rs5,461.585million has been earmarked for development projects and works, while expenditures from provincial ADP and District ADP will be Rs6,059.222million. Giving details of the budget, Mayor Karachi said no new tax is levied and focus was mainly on making existing revenue resources better and to make this budget realistic and balanced. He said despite financial constraints, we are presenting Rs11.5billion development budget for next year which include development schemes suggested by the elected representatives of the council. Referring to development works that had been carried out in the city during current fiscal year, he said a total of 206 District ADP Schemes were completed during 2017-18 with Rs4327.10million in all districts of Karachi and the district council remits. He said we have planned to bring 194 new schemes next year with a cost of Rs5629million to raise the development portfolio further and to bring lot of development works in Karachi. He said in order to make the development resources available we continued our efforts and raise the issue of negligence committed by the previous governments and held meetings with the high ups of our country and as a result of this Karachi got the 25billion Prime Minister’s Package for development works under which many schemes will be executed next year including reconstruction of Manghopir Road from Jam Chakro to Banaras, Construcion of flyover alongside Shershah Suri Road, Sakhi Hassan, Five Star Roundabout and KDA Chowrangi and reconstruction of Nishter Road from Teen Hatti to Napier Road besides rehabilitation and up gradation of existing fire fighting system in KMC. He expressed hope that with the availability of more funds from various sources, large scale infrastructure development will be seen in the city in next few years. During the proceedings, members of the council expressed their views and informed the council about the problems facing by the people in their area. Mayor Karachi assured them that he will write to the local government department for increase in the union council funds.  
     
     
 
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