DSCC announces Tk 3,598cr budget for FY 2018-19

Staff Correspondent | Published: 00:02, Jul 26,2018 | Updated: 00:58, Jul 26,2018

 
 

Dhaka South City mayor Sayeed Khokan announced the city budget for 2018-19 fiscal year at the city corporation office on Wednesday. — New Age photo

Dhaka South City Corporation on Wednesday announced its annual budget of Tk 3,598.75 crore for FY 2018-19.
The city mayor Mohammad Sayeed Khokon unveiled the ever biggest budget at a press conference at the Nagar Bhaban in the capital.
The revised budget for FY 2017-18 stood at Tk 2,014 crore while the proposed budget was Tk 3,337 crore.
The new budget and the revised budget were approved at the 5th corporation meeting with the councillors.
The mayor said that the city corporation would provide free burial facilities and establish an old home for the senior citizen.
The mayor alleged that 25 government agencies, which were providing different services to the people under the city corporation, were responsible for on-going public sufferings, including waterlogging and traffic jam.
He said according to the order of the prime minister’s office all the chiefs of the agencies were asked to attend the coordination meeting but mostly did not attend the meeting which caused the haphazard situation.
‘I have written to the prime minister about the matter,’ he said.
In his budget speech, the mayor said that the DSCC projected to collect a total of Tk 909.42 crore as revenue.
Besides, he said, the government would provide Tk 70 crore as grant and Tk 439 crore as special allocation.
Tax and holding tax would generate about Tk 330 crore, bazar salami about Tk 305 crore, market rent around Tk 30 crore and trade licence fees around Tk 80 crore.
Besides, the mayor is expecting to get Tk 2048.62 crore as government and foreign assistances for different projects.
He said Tk 613.27 crore will be spent for revenue sector and Tk 2860.23 crore for development sector.
He said Tk 340 crore will be needed for salaries of employees while Tk 109 crore will be spent for power, energy and water and Tk 27.75 crore will be spent for mosquito control.
DSCC chief executive officer Khan Mohammad Bilal, among others, was present at the press conference.

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