Karachi: The Karachi Metropolitan Corporation (KMC) will get a PKR 32.21 billion development budget for the fiscal year (FY) 2022-23, news sources reported on June 30. The total receipts are estimated at PKR 32.21 billion, whereas the total expenditure is PKR 32.19 billion.
Reportedly, the budget was presented by Karachi Administrator Murtaza Wahab at a press briefing here at Khaliq Dina Hall. According to budget documents, the KMC would get PKR 32.21 billion, which includes current revenue of PKR 26.61 billion and capital receipts of PKR 0.5 billion, as well as PKR 5 billion in the District Annual Development Programme (ADP) sections.
Similarly, the Sindh government would transfer PKR 18.6 billion under the ‘OZD share’ and PKR 200 million under the entertainment tax, with liabilities of PKR 1.85 billion on KMC also scheduled to be remitted to KMC. Reportedly, the corporation is expecting to get PKR 1.477 billion in revenue from land enforcement, estate, Katchi Abadi regulation, PD Orangi, and parking taxes.
Expenditure
On the spending side, the KMC will spend PKR 32.195 billion on different city development projects:
PKR 8.67 billion will be spent on non-development budget items such as pensions and miscellaneous expenses, including bail-out packages for subordinate departments
PKR 5.756 billion has been allocated for medical and healthcare services
PKR 3.943 billion has been allocated for municipal services
PKR 2.72 billion will be spent on development projects
PKR 2.079 billion has been allocated for the engineering department of KMC
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
