The Dhaka South City Corporation (DSCC) yesterday announced a Tk1,565 crore 65 lakh budget for the fiscal year 2014-15.
The budget was shrieked by Tk310 crore 33 lakh from the original budget and increased by Tk892 crore 91 lakh from the revised budget of FY2013-14, where it was Tk1,876 crore 8 lakh and Tk672 crore 84 lakh respectively.
This year the budget will be financed largely by an expected Tk763 crore 99 lakh development assistance from the government, private sectors, public private partnerships and foreign finance, and expected Tk597 crore 57 lakh from revenues earned or the corporation’s own fund, where Tk275 crore will come from holding, cleaning and lighting taxes.
Apart from this, the DSCC also expects to earn revenues and rents from, trade licences, advertisements, rickshaw licences, different types of markets, community centres and others.
The allocations will be spent on the maintenance and development of roads, drains, footpaths, foot over bridges, elevated express-way, hospitals, markets, bus terminals, public toilets and libraries among others.
The budget allocated a total of Tk1,165 crore 33 lakh for development purposes, and Tk329 crore 87 lakh for its officials and employees’ salary and allowance, waste management, mosquito control, repair and maintenance, fuel, water, power, gas and some others.
The rest of the budget will be for the maintenance and development of roads and the improvement of corporation’s traffic infrastructures, markets, burials environmental development, health sector and the construction of staff quarters, community centres and housing facilities for cleaners and other employees.
DSCC Administrator Md Ibraheem Hosein Khan has placement the budget at the corporation’s auditoriu, also presented the DCC Chief Executive Officer Mohammad Ansar Ali Khan and other high officials were present at the budget programme.
Earlier on Tuesday, the Dhaka North City Corporation (DNCC) announced its Tk2,042 crore budget for the fiscal year 2014-15.
The budget was increased by Tk92 crore from the original budget and Tk932 crore from the revised budget of FY 2013-14, which were at Tk1949 crore and Tk109 crore respectively.
This year, the budget will be financed largely by an expected Tk1,103 crore development assistance from the government, private sectors, public private partnerships and foreign finance, the rest Tk811 crore is expected to be collected from the revenue sector or the corporation’s own fund, of which 48% will come from holding taxes.
Of the total allocation, Tk248 crore will be spent for paying salaries and allowance of its officials and employees, waste management, mosquito control, repair and maintenance, fuel, water, power and some other sectors.
The local government body is expected to spend Tk241 crore for maintenance and development of roads and the improvement of traffic infrastructures and Tk96 crore for the development and maintenance of markets and graveyards inside is jurisdiction.