more-inFor the last two years, the civic body had presented budgets of over ₹9,000, but revenue generated annually had not crossed ₹8,000 crore. The 2018-19 budget also optimistically pegs the total revenue receipts at ₹9,322, even though the revised estimates for 2017-18 budget has seen a drop of 24.8%. Last year, 8,528 job codes amounting to ₹3,241 crore were created against the revised estimates of ₹7,514 crore. This indicates that job codes against only 43% of the estimated expenditure had been created in the current year. “This is significantly lower than 2016-17 where job codes against 83.6% of the expenditure were created.

Source: The Hindu February 28, 2018 15:56 UTC