Bruhat Bangalore Mahanagara Palike (BBMP) will present budget for the financial year 2014-15 on February 17.
Mayor B.S. Sathyanarayana told presspersons here on Monday that the 2014-15 budget would be realistic. The Standing Committee for Taxation and Finance is reviewing the draft budget.
According to the Mayor, though no new projects would be announced the thrust would be on completion of those being implemented, and also revenue mobilisation.
It may be mentioned that the BJP administration is for the first time presenting the budget before the end of the previous financial year. As per the Karnataka Municipal Corporations Act, 1976, the budget has to be approved by the council three weeks before the beginning of the next financial year. The previous three budgets had been submitted much after the fiscal year began.
With the Parliamentary polls round the corner, BBMP sources believe that the BJP, which is the ruling party in the BBMP council, may use the budget to announce some populist schemes.
BBMP sources said that the outlay of this budget is likely to be around Rs. 8,000 crore.
While the BJP administration is claiming that the budget will be realistic, the Opposition differs. Jayamahal councillor M.K. Gunashekar pointed out that only 40 per cent of the 2013-14 budget had been implemented.
“The remaining projects will reappear in the budget. BBMP has outstanding loans of Rs. 3,000 crore and pending bills of Rs. 2,000 crore. This budget is not going to be very different from the previous budgets,” he said.
