Karachi Metropolitan Corporation unveils Budget for fiscal year 2012-13
Karachi, June 29, 2012 (PPI-OT): KMC Administrator Muhammad Hussain Syed in exercise of the powers vested in him by the Government formally approved the KMC budget for fiscal year 2012-13. The tax free budget worth Rs 31,620.00million showed expected revenue estimates during 2012-13 at Rs31, 629.14million and expenditures estimates at Rs 31,529.16 million with a surplus of Rs99.98million.
Topmost priority had been given to development works with the allocation of Rs9167.34million to engineering department whereas another major amount of Rs3974.64million set aside for the health sector to provide better facilities to citizens in KMC run hospitals and dispensaries.
The Education Department had been allocated with a handsome amount of Rs2754.73million for up gradation of schools and bringing improvement in the standard of education in government schools. Rs2167.13million had been set aside in the budget for provision of uninterrupted municipal services to the citizens of Karachi.
Transport and Communication sector was allocated with a sum of Rs1624.08million whereas a sum of Rs1067.13million was allocated for development of parks and recreation facilities in the city. Other major allocations in the budget include Rs680.37million for Information Technology sector and Rs584.06million for the Sports and Recreation Department of KMC.
A sum of Rs4928.30million was shown as expected revenue in the budget from various departments including local taxes, Estate, Katchi Abadies, Orangi Projects, Charged Parking and Land Department whereas an amount of Rs12800million would be received by KMC from the government as Octroi Matching Grant and Rs3000millin in the head of District ADP.
The other major expected sources of income include Rs2105.44 million from Master Plan Department, Rs1147.25million from Engineering Department, Rs1648.08million from Municipal Utility Charges and Veterinary Department, Rs1080.65million from Transport and Communication Department and Rs18.00million from Municipal Services. Many important development projects had been planned in the next fiscal year for which allocations were made in the KMC budget.
These includes Rs850.00million for Karachi Circular Railway Project, lRs777.52million for development works of different roads, bridges and roundabouts, Rs750million for construction of Car Parking Plaza at Shahabuddin Market, Rs500million for Bus Rapid Transport Project, Rs500millin for up gradation of graveyards, Rs500million for purchase of heavy machinery and equipments, Rs423million for development of parks, Rs400million for rehabilitation of inter-city and union council roads, Rs400million for wireless video surveillance system phase-II, Rs380.99million for purchase of equipments and machinery for hospitals, Rs350million for construction of roads, roundabouts and culverts, Rs348million for development works of KMDC, Rs250million for development works of Orangi and Landhi Cottage Industrial Zones, Rs74.51million for repairing and improvement works of 5000 Road Nagan Chowrangi to Sakhi Hasan and Nagan Chowrangi to Surjani Roundabout.Rs50million for construction of storm water drains, Rs30million for Karachi Mass Transit Project.
A total of 85 major projects would be carried out under ADP with a cost of Rs3750million whereas 36 small and big projects would also be completed under ADP with a cost of Rs380million. Presenting the budget for next fiscal year, Administrator Muhammad Hussain Syed said that the budget had been prepared in the light of SLGO 1979 with a view to make the city of Karachi a well developed and organized city.
Despite having limited resources, we have tried to allocate adequate amount for every sector of civic life. No new tax was levied in the budget and the recovery of taxes during 2012-13 would be made sure so that the journey of progress and development could continue.
For more information, contact:
Karachi Metropolitan Corporation (KMC)
City District Government Complex, 1st Floor, Civic Centre,
Tel: +9221 9923 2400 -01
Fax: +9221 9923 2406