Khulna City Corporation (KCC) has announced its annual budget amounting to Tk 861.06 crore for the 2022-23 fiscal years.
KCC Mayor Talukder Abdul Khaleq made the announcement at Shaheed Altaf Auditorium in Nagar Bhaban on Thursday.
Revenue expenditure in the proposed budget has been estimated at Tk 192.11 crore while development expenditure at Tk 668.95 crore.
The mayor said that no new tax has been imposed on the budget. The corporation has a plan to increase its revenue by collecting dues of municipality taxes, levying taxes on all newly constructed establishments as per the existing rules and expanding its own source of income.
In the budget, Tk 56.31 crore has been earmarked for annual development works.
In the proposed budget, Tk 42.37 crore has been allocated for the development sector from the revenue sector while Tk 13.94 crore for infrastructures and renovation.
A total of Tk 14.88 crore has been proposed for waste management and mosquito eradication.
In the last 2021-22 financial year, the budget was Tk 608.02 crore and the revised budget was Tk 450.65 crore. The rate of implementation of the budget was 74.12 per cent.
KCC's finance and establishment affairs standing committee's President Councillor Sheikh Md Gausul Azam presided over the event.
Officials of KCC, and media representatives, among others, were present during the budget announcement.
