Lion’s share of KMC budget to be spent on backward wards

In the 2022-23 budget, though the total expenditure estimate is Rs 4410.11 crore, the civic body seeks to clock a revenue of Rs 4233.11 crore, leaving a deficit of Rs 177 crore in the upcoming fiscal year from April. The budget statement also highlighted that the coming financial year opens with a cumulative deficit of Rs 2,423.70 crore – a considerable amount that had raised hue and cry recently, when the issue of non-payment of pension to KMC retired employees, due to shortage of funds, came to the fore.