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NDMC announces its budget for 2024-25 fiscal
The Sunday Guardian
|December 31, 2023
NDMC pegged its budget estimates at Rs 5,070 crore.
The New Delhi Municipal Council (NDMC) announced its yearly budget for 2024-25 in its Council Meeting on Wednesday, 27 December. “All properties under its jurisdiction will be geo-tagged in the 2024-25 financial year for ease in collecting property tax,” said the council in its budget session.
Amit Yadav, Chairman of NDMC, presided over the special budget session for the financial year 2024-25. “In our budget for 2024-25, the total expenditure is more than our revised estimate figures for the current year. The receipts are also higher than that of the revised estimate, leading us to a surplus, a trend maintained by NDMC for the last number of years,” Amit Yadav said in his budget speech, attributing the increase in expenditure to a rise in purchase power prices and the payment of salaries and appointments for 4,400 new employees. Yadav said the increase in receipts was on account of the collection of property tax and estate dues.
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