Mumbai: The Brihanmumbai Municipal Corporation (BMC) has unveiled its budget for the financial year 2025-26, with a total outlay of Rs 74,427 crore, reflecting a significant increase of Rs 14,473 crore from the previous year. The estimated revenue income for the year stands at Rs 43,159 crore, and the budget projects a surplus of approximately Rs 60.65 crore.
Details On BMC's Projected Revenue
For the upcoming fiscal year, property tax revenue is projected at Rs 5,200 crore, a key source of municipal funding. To meet the financial requirements of ongoing and new projects, the BMC has raised funds through an internal temporary transfer of Rs 16,699 crore. Out of the total budget, Rs 43,162.23 crore is earmarked for developmental projects, reinforcing the civic body’s commitment to infrastructure and urban development.
Infra Projects Receive Major Funds
Major infrastructure initiatives continue to receive substantial funding. The Mumbai Coastal Road project, the upgradation of seven Sewage Treatment Plants (STPs), and the Goregaon-Mulund Link Road, along with other large-scale infrastructure projects, have been allocated Rs 13,310 crore. Additionally, Rs 5,100 crore has been set aside for the construction and maintenance of Mumbai’s road network, while Rs 1,980 crore has been allocated for the construction and upkeep of bridges and flyovers across the city.
Highlights Of Previous Budget
In the previous fiscal year, 2024-25, the BMC had presented a budget of Rs 59,954 crore, marking a 13.9% increase from the year before. Of this, Rs 31,774 crore, 53% of the total budget, was dedicated to capital expenditure. By December 31, 2024, nearly 52% of this capital expenditure had already been utilized, primarily in Solid Waste Management (SWM), the Mumbai Coastal Road, bridges, roads, and the Water Supply Project (WSP).
The BMC remains financially strong, with its fixed deposits currently standing at Rs 81,000 crore. This financial stability allows the civic body to continue investing in critical urban infrastructure while maintaining fiscal discipline.
