Dhaka city corpns announce budgets
10pc increase in DSCC holding taxStaff Correspondent
The two Dhaka city corporations announced their budgets for 2012-13 fiscal year with the Dhaka South City Corporation increasing its holding tax 10 per cent.
For 2012-13, the DSCC budget will stand at Tk 1781.68 crore while Dhaka North City Corporation has announced its budget of Tk 1966 crore.
The total budget for the two city authorities stands at Tk 3747.68 crore which is Tk 1032.68 crore higher than that of the outgoing fiscal.
For 2010-11, the undivided Dhaka City Corporation budget stood at Tk 2715 crore.
The DSCC administrator, Zillar Rahman, announced its budget at the NAGAR Bhaban auditorium in the capital in presence of city corporation officials and newsmen.
He was hopeful about 30 per cent increase in services provided by his organisation.
‘We are also going to raise the holding tax by 10 per cent,’ he said adding that they reached the decision after discussing relevant authorities and members of the public.
The DSCC has set a target for collecting Tk 459.18 crore from its own resources under the new fiscal, he said. In the outgoing fiscal the target was Tk 200.30 crore.
In the new fiscal year, the corporation expects to earn Tk 265 crore from rates and holding taxes including outstanding bills, Tk 58 crore from estate exchange sector, Tk 33 crore from trade licence fees, Tk 28 crore from Bazar levy, Tk 18 crore from roads excavation fees and Tk 17 crore from Bazar rents.
Another Tk 56.5 crore is expected to come from the corporation’s other income sectors including selling of junk items, debt related services, and balance from the abolished DCC.
Yet another Tk 1251 crore is expected to derive from the government grants and special grants, projects funded by government and donors, and private-public partnership projects.
DSCC has planned an expenditure target of Tk 1766.68 crore under the new fiscal year.
Zillar Rahman also mentioned that they would have a closing balance of Tk 15 crore under the outgoing fiscal year.
Under the new budget, Tk 117 crore has been allocated for salaries, wages and allowances of the city corporation staff, Tk 39 crore for utility, namely gas, water and electricity consumption by the corporation, Tk 39 crore for supply, Tk 10 crore for mosquito control programme.
Under the FY 2012-13 budget, DSCC expects to earn revenues 25 per cent more than it has earned in the last fiscal year, said the administrator.
He also mentioned that the new budget has experienced a 14 per cent increase in revenue expenditure than that of the previous one. Its development expenditure has also seen an 85 per cent increase than that of the FY 2011-12.
The programme was attended, among others, by DSCC chief executive officer Mohammad Sultanul Islam Chowdhury, secretary Mohammad Shamsuzzaman and chief accounts officer Omar Faruque.
The DNCC administrator Mohammad Shahjahan Ali Molla said they had set a target of collecting Tk 482.5 crore from its own resources.
The corporation expects to earn Tk 80 crore from estate exchange sector, Tk 40 crore from roads excavation fees, Tk 16 crore from holding taxes, Tk 11.5 crore from leasing animal markets, Tk 10 crore from advertisements, Tk 6 crore from bus-truck terminals, Tk 3.25 crore from electricity bill and Tk 1 crore from other sectors.
Another Tk 20 crore is expected to come from government grants and special grants, Tk 503 crore projects funded by the government and donors and Tk 940 crore from private-public partnership projects.
The programme was attended, among others, by DNCC chief executive officer Mohammad Nurul Islam.
Formerly Dhaka City Corporation was divided into DNCC and DSCC from December 2011.
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