BBMPs payments less than 25 percent of target

BANGALORE: With just 50 days to complete the financial year 2011-12, Bruhat Bangalore Mahanagara Palike’s (BBMP) receipts and payments have not exceeded 30 per cent of the total amount that was drawn in the budget. While the receipts reached 28 per cent, payments has not crossed even 25 per cent of the target. However, Mayor Sharadamma is optimistic that will reach the target before March 31.After five months of delay, BBMP’s budget of Rs 9,197 crore was presented on August 18, last year, by the chairperson of Standing Committee for Taxation and Finance. Nearly three months after it was presented, the state government gave a conditional approval. Now with 50 days left, Palike seems nowhere near the magical figures,  either in receipts  or payments.Last year’s (2010-11) budget of Rs 8,488.54 crore depended mainly on loans. This was nearly the double of 2009-10’s budget of Rs 4,246.35 crore. In the revised estimation, the BBMP expected receipt of Rs 3,517 crore and spent Rs 3,856 Crores.This year the condition and the status looks pitiable. According to statistics, as on January 31, BBMP has spent only Rs 2,645 crore out of the allotted Rs 9,398 crore and Rs 2,275 crore was receivedout of the estimated Rs 9,315 crore.