15 hours ago
KMC set to unveil surplus budget this week
Karachi Metropolitan Corporation (KMC) has finalised its budget for the fiscal year 2025-26, which is expected to be presented in the coming days.
According to sources, the surplus KMC budget is likely to be presented on June 25 or 26.
Per information available to The Express Tribune KMC budget shows a surplus of Rs146.2 million. The estimated total revenue is Rs55.28 billion almost Rs5.58 billion higher than last year. Similarly, total expenditures are projected at Rs55.13 billion about Rs5 billion higher than the previous fiscal, keeping them close to the revenue figure.
Last year, KMC City Council had approved Rs49.602 billion budget with a surplus of Rs99.707 million for financial year 2024-25. Mayor Murtaza Wahab had presented the budget with total income estimated at Rs49.7 billion, while the estimated expenditures were Rs49.6 billion. Current Receipts were Rs39.7 billion and Capital Receipts were Rs815.2 billion, while funds for the District Annual Development Programme (ADP) were Rs9.16 billion.
Meanwhile, for the upcoming fiscal of 2025-26, sources said that over Rs20 billion have been allocated for development projects. An amount of Rs7.29 billion has been earmarked for medical and health facilities.
Salaries and administrative expenses will consume Rs31.59 billion. For the World Bank-funded CLICK project, Rs7.43 billion have been allocated.
In addition, Rs9 billion have been approved for District Annual Development Programme (ADP) schemes, and Rs13.41 billion have been allocated for pensions and retired employees.
A budget of over Rs5.3 billion has been set aside for municipal services. Engineering projects will receive Rs4.37 billion, while parks and horticulture have been allocated more than Rs1.77 billion.
For IT infrastructure and services, a budget of Rs98.5 million has been allocated. Current receipts are estimated at Rs44.14 billion.
The corporation plans to carry out development works worth Rs300 million using its own resources.
Under the District ADP, Rs4.63 billion have been allocated for road improvement.
