Vijayawada Municipal Corp presents Rs 1,114.93 cr budget for 2022-23
ECONOMY & POLICY

Vijayawada Municipal Corp presents Rs 1,114.93 cr budget for 2022-23

Vijayawada Municipal Corporation (VMC) council has presented a budget of Rs 1,114.93 crore for the financial year (FY) 2022-23.

It is the lowest budget of, at least, the past seven budgets submitted by the VMC. The civic body is short of Rs 52.58 crore going by the calculated expenditure and revenue.

Initially, Mayor Rayana Bhagya Lakshmi addressed the council and notified the members that the VMC income was estimated at Rs 1,161.37 crore and expenditure at Rs 1,114.93 crore. Revenue and capital income reached Rs 999.22 crore, initial reserves at Rs 99.02 crore, deposits at Rs 63.13 crore and total income at Rs 1,161.37 crore. Expenditures comprise capital expenditure of Rs 437.47 crore, revenue expenditure of Rs 596.20 crore, loan payments of Rs 18.11 crore, deposits and advances of Rs 63.13 crore.

Additionally, the government has assigned Rs 50 crore from the State budget and Rs 20.50 crore in the updated budget estimates for infrastructure development in the city.

She further said that the VMC would render free medical care to outsourced workers affected in accidents during duty. The VMC will provide up to Rs 2 lakh on emergency expenditures. Of the 225 retired employees who have been pending since 2009, 104 were paid Rs 84 lakh and the rest Rs 15.75 crore was provided to the treasury. The VMC owed Rs 140 crore during the Congress regime and Rs 100 crore during the TDP regime to the residents of the city. But the government is creating a sustainable city without any debt from the Central, State and VMC general budget funds.

Image Source

Also read: Property Registrations under land scheme launched in Andhra Pradesh

Vijayawada Municipal Corporation (VMC) council has presented a budget of Rs 1,114.93 crore for the financial year (FY) 2022-23. It is the lowest budget of, at least, the past seven budgets submitted by the VMC. The civic body is short of Rs 52.58 crore going by the calculated expenditure and revenue. Initially, Mayor Rayana Bhagya Lakshmi addressed the council and notified the members that the VMC income was estimated at Rs 1,161.37 crore and expenditure at Rs 1,114.93 crore. Revenue and capital income reached Rs 999.22 crore, initial reserves at Rs 99.02 crore, deposits at Rs 63.13 crore and total income at Rs 1,161.37 crore. Expenditures comprise capital expenditure of Rs 437.47 crore, revenue expenditure of Rs 596.20 crore, loan payments of Rs 18.11 crore, deposits and advances of Rs 63.13 crore. Additionally, the government has assigned Rs 50 crore from the State budget and Rs 20.50 crore in the updated budget estimates for infrastructure development in the city. She further said that the VMC would render free medical care to outsourced workers affected in accidents during duty. The VMC will provide up to Rs 2 lakh on emergency expenditures. Of the 225 retired employees who have been pending since 2009, 104 were paid Rs 84 lakh and the rest Rs 15.75 crore was provided to the treasury. The VMC owed Rs 140 crore during the Congress regime and Rs 100 crore during the TDP regime to the residents of the city. But the government is creating a sustainable city without any debt from the Central, State and VMC general budget funds. Image Source Also read: Property Registrations under land scheme launched in Andhra Pradesh

Next Story
Infrastructure Urban

Synergy Capital Buys Saurashtra Fuel’s Mundra Plant

Sudhir Maheshwari-led Synergy Capital has emerged as one of India’s largest independent producers of low-ash metallurgical coke following its acquisition of Saurashtra Fuel’s flagship plant in Mundra, Gujarat.The transaction marks Synergy Capital’s first buyout equity deal in India. The acquisition is intended to strengthen raw material security in the metallurgical coke market, which remains structurally undersupplied. The investment manager is expected to invest Rs 12 billion over the next three years to acquire the plant from its promoters, the Agarwalla and Sinha families. Including ..

Next Story
Infrastructure Urban

KEC Wins Rs 11 Billion Orders Across Key Sectors

KEC International Ltd., a global infrastructure EPC major and part of the RPG Group, has announced the securing of new orders worth Rs 11 billion across its diverse business verticals.In the civil segment, the company received a prestigious order for civil and structural works of a 150 MW thermal power plant from a leading private player in India.In the transportation business, KEC bagged contracts under the Train Collision Avoidance System (TCAS) programme, known as ‘Kavach’, aimed at enhancing rail safety in India.The transmission and distribution (T&D) division won orders for the su..

Next Story
Infrastructure Urban

RITES Bags Rs 362 Million Order From DVC

RITES Limited, a Schedule 'A' enterprise under the Government of India, has announced that it has received a major domestic work order from the Damodar Valley Corporation (DVC). The company disclosed the development in a filing to the BSE and NSE dated 2 October 2025. The total contract value stands at Rs 362 million (excluding GST).Under the agreement, RITES will provide comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes the Annual Maintenance Contract (AMC) for Railway Sidings tracks, Operation and Maintenance (O&M) of Signalling and Telecommunicat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?