KCC announces Tk504.31cr budget for 2020-21FY

Khulna City Corporation (KCC) has announced its annual budget of Tk504.31 crore for the 2020-21 fiscal year .

KCC Mayor Talukder Abdul Khaleq made the announcement at Shaheed Altaf Auditorium in Nagar Bhaban on Wednesday.

In the last 2019-20 financial year, the budget was Tk 865.54  crore and the revised budget was Tk582.71 crore. The rate of implementation of the budget was 67.32 percent.

Revenue expenditure in the proposed budget has been estimated at Tk 166.95 crore while development expenditure at Tk337.35 crore.

The mayor said that no new tax has been imposed in 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, Tk70.28 crore has been earmarked for annual development works. Of these, 42.25crore has been fixed for public works, Tk50 lakh for veterinary sector, Tk15.08 crore for conservancy sector and Tk10.20 crore for health sector.

Officials of KCC, media representatives and many others were present during the budget announcement.