The Brihanmumbai Municipal Corporation (BMC) unveiled a budget to the tune of Rs 39,038 crore on Wednesday, which is 17 per cent more than the previous year’s Rs 33,441 crore. Though it’s not the first time, this year the size of the budget is about 40 per cent more than the civic body’s revenue income estimation of Rs 27,811 crore. The same estimation for last year was Rs 28,448 crore. The corporation plans to withdraw Rs 10,564 crore from its fixed deposits for it’s projects and the remaining Rs 663 crore will come mostly from grants.

Civic chief Iqbal Singh Chahal and standing committee chairman Yashwant Jadhav at the BMC head office during presentation of the budget on Wednesday. Pic/Bipin Kokate