Articles by Mahalakshmi Balasubramanian

Bruhat Bengaluru Mahanagara Palike (BBMP) presented its budget last week. Janaagraha, a non-governmental organisation working in urban affairs, analysed the budget. While the actual receipt of property tax was at Rs 1725 crores, estimated collection for 2018-19 is Rs 2,675 crore. Here is the summary of analysis. All amounts in Rs Cr unless otherwise stated; all growth rates on compounded basis unless otherwise stated. Budget trend Table 1: Budget Trends   Actuals Actuals Actuals Actuals RBE BE Particulars 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Receipts 3,093 4,205 5,246 6,572 7,514 9,322 YoY receipts %   36% 25% 25% 14% 24%…

KEY HIGHLIGHTS 66% of budgeted property tax of INR 2,600 crores collected in H1. Highest in the last five years. INR 1200 crores of Pending Bills cleared. Spends on current year’s works at INR 177 crores. 2422 Tenders for INR 925 crores raised against a residual budgeted spend of INR 5758 crores SECTION I | Analysis of Expenditure BBMP has spent INR 2,030 crores (26% of the total planned capex & maintenance on infrastructure), out of which INR 177 crores is towards works budgeted for the current financial year BBMP has allocated INR 7,788 crores towards various works, out of…