Unlike the centre and state budgets, there's little discussion on municipal budgets in India. Multiple media reports highlight that the Brihanmumbai Municipal Corporation (BMC) is India's richest municipal corporation with a budget higher than most states. But there's little awareness on what the budget entails, how BMC earns or spends its money, and how can a citizen keep track of its revenue or expenditure. Here's a look at some of its core features before BMC presents its 2021-22 budget. Who prepares the budget? Budgets at the centre and state are prepared and presented by the respective Finance Ministers. But the…
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