The Dhaka North City Corporation (DNCC) has announced a Tk1601.95 crore budget for the 2015-16 fiscal year.
The budget is almost double the size of the revised budget for the previous fiscal year, which was Tk803.19 crore. The proposed budget for the 2014-15 FY was Tk2041.87 crore.
DNCC Mayor Annisul Huq made the announcement at Uttara Community Centre in the capital around 2pm Wednesday.
Read more: DNCC announces Tk2041 cr budget for 2014-15 fiscal year
While announcing the budget, he said: “This year the budget will be financed by an expected Tk476 crore development assistance from the government, private sectors, public private partnerships and foreign finance.
“The DNCC expects to raise the rest amount from holding taxes and rent.”
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Tk1144.01 crore of the allocations will be spent on development.
The DNCC expects to raise Tk882.15 crore from revenue while the revenue expenditure will be TK310.15 crore.
Apart from this, the DNCC expects to earn taxes and revenue from sources including holdings, trade licences, advertisements, rickshaw licences, markets and community centres.
The allocations will be spent on the maintenance and development of roads, drains, footpaths, hospitals, markets, bus terminals, public toilets and libraries among others.
The rest of the budget will be for the city corporation’s environmental development, health sector and the construction of staff quarters, community centres and housing facilities for cleaners and other employees.
