Mumbai: BMC tables highest-ever budget of Rs 80,952 crore for FY27, focuses on infra, education

The Brihanmumbai Municipal Corporation (BMC) has unveiled its highest-ever budget of Rs 80,952 crore for the fiscal year 2027, emphasizing infrastructure and education. This ambitious budget reflects the city's growing needs and the administration's commitment to enhancing urban living standards. Key allocations have been directed towards upgrading roads, bridges, and public transportation systems, aiming to reduce congestion and improve connectivity across Mumbai. In a strategic move to bolster its revenue streams, the BMC anticipates collecting Rs 2,393 crore from water and sewer charges. Additionally, the civic body expects to earn Rs 2,572 crore through interest on its investments. These projections are part of a broader financial strategy designed to ensure sustainable growth while maintaining essential public services without imposing undue financial burdens on residents. Education also sees significant attention in this budget, with plans to modernize municipal schools and introduce advanced learning technologies. By investing in the future of Mumbai's youth, the BMC aims to equip the next generation with the skills necessary to thrive in an increasingly competitive global landscape. This budget underscores a balanced approach, addressing immediate infrastructural needs while laying the groundwork for long-term educational advancements.

— Authored by Next24 Live