The Dhaka North City Corporation (DNCC) Wednesday announced a Tk19.84bn budget for the 2013-14 fiscal year (FY).
The budget has increased by Tk9.67bn from the FY 2012-13 budget, which was Tk10.17bn.
This year the budget will be financed largely by an expected Tk11.95bn development assistance from the government, private sectors, public private partnerships and foreign finance.
The DNCC expects to raise Tk3.88bn from holding taxes and Tk1.36bn from rent.
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.
In the national budget, Tk17.05bn has been allocated to the development sector, which is 86% of the total budget.
Tk2.36bn of the DNCC’s budget has been allocated to the maintenance and development of roads and the improvement of traffic.
Tk2.05bn will be spent on officials and employees’ salaries and allowances, waste management, mosquito control, repair and maintenance, fuel, water, power and some other sectors.
Tk1.02bn will be allocated to the infrastructural development of regional offices and markets in the corporation.
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.
Akhter Hussain Bhuiya, the administrator of the DNCC, announced the budget at the capital’s Spectrum Convention Centre. Senior officials of the corporation including DNCC Chief Executive Officer BM Enamul Haque and Secretary Abu Sayeed Sheikh were present at the programme.
After announcing the budget CEO Haque said the corporation was set to raise holding taxes, which have not increased in the last 22 years.
Officials said elected representatives in charge of the corporation had not increased holding taxes in the interest of votes and support in polls. They said the corporation has been identifying risky buildings in the city corporation area, and they will be demolished with the help of the city development authority Rajuk.
The DNCC also has been working for the construction of its own headquarters and recruiting work force, said the corporation officials.
