Infrastructure News

Vmc To Present Budget Today, Thrust On Long-pending Projects, Infra News, ET Infra

VIJAYAWADA: The Vijayawada Municipal Corporation (VMC) will present its annual budget worth Rs 1,419.18 crore for the financial year 2023-24 on Thursday.

The VMC laid focus on city beautification and completion of long-pending projects in its budgetary allocations. The VMC had approved a budget of Rs 1,114.93 crore for the financial year 2022-23. The standing committee of the civic body approved the budget unanimously and is heading to present it in a special budget session.

The VMC is expecting a capital income of Rs 444.43 crore in the next financial year out of which Rs 303 crore is expected as tax revenue.

The VMC expects a revenue expenditure of Rs 697.74 crore, out of which a major chunk, Rs 296.27 crore, would be allocated for payment of salaries.

The VMC made allocations for development of parks, walking tracks, and CC roads in the city. The airport corridor works are expected to get an allocation of Rs 10 crore in the budget. Similarly, riverfront plaza on the downstream of Prakasam Barrage will get allocations.

YSRC floor leader Venkata Satyanarayana, speaking to TOI ,said the civic body is committed to the welfare of people and, at the same time, is focused on keeping the city clean and presentable. “The earlier government added a huge tax burden on the public and concentrated on developing one particular area. We have decided not to add any additional tax burden on the citizens. Our vision is to develop the city on par with metro cities and make it more liveable. We will make efforts to continue the Swachh initiatives. CLAP programme will get good funds and we have also spent Rs 10 crore to relieve citizens of user charge burden,” Satyanarayana said.

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