Chittagong mayor M Manjur Alam proposed a budget of 915.16 crore for the fiscal year 2011-12 on Tuesday.
He had announced this at a budget session held at the Theatre Institute of the Chittagong city.
Allocations under six major heads in the proposed budget are Tk 446.64 crore for development works, Tk 126.59 crore for staff salary and allowance, Tk 118.45 crore for immovable properties, Tk 103.60 crore for paying dues, Tk 25.45 crore for maintenance and repairs, and Tk 27 crore for power, fuel and water bills.
Allocations under three smaller heads are Tk 6.16 crore for welfare activities, Tk 3.15 crore for rents and taxes and Tk 2.8 crore for advertisement and publicity.
Besides, Tk 34 crore has been allocated for some other minor items while the rest Tk 21.30 crore has been kept under the head of other expenditure.
The CCC expects to draw Tk 640.87 crore of the total budget from its own sources while Tk 274 crore as assistance and donation.
The major sources of its revenues will be Tk 352.90 crore as outstanding holding taxes, 135.40 crore as current holding taxes, Tk 73.18 crore as other taxes, 29.16 crore as rents of different establishments and Tk 18.12 crore as different fees.
The rest of the revenues will come from different smaller sources.
A revised budget of Tk 325.69 crore was also approved against the proposed budget of Tk 741.52 crore for the 2010-11 financial year at the meeting.
The mayor, while presenting the budget, said that they had sent three projects to the local government ministry for approvals.
The biggest of these is a coordinated project involving Tk 344 crore to construct, repair and maintain the roads, footpaths and parks.
The rest two projects are for enhancing tourism facilities at the Patenga sea beach involving Tk 100 crore and setting up garbage disposal plant with a budget of Tk 25 crore.
The mayor also revealed a Tk 1,500 crore plan to construct a flyover stretching from Dewanhat to Shah Amanat International Airport and Tk 2,500 crore plan to set up a 500MW power plant.
He, however, mentioned that the projects were not included in the proposed budget as their sources of funding were not certain yet, adding that they had thought to implement the projects under the public-private partnership.
Source : New Age
