Dhaka South implemented 38% of allocated budget in last fiscal year
In the last fiscal year, Dhaka South City Corporation was able to spend only 37.65% of its allocated budget.
Of the Tk6,751.56 crore allocation for the fiscal year 2023-24, only Tk2,541.86 crore was spent.
The information was disclosed when Dhaka South Mayor Fazle Noor Taposh announced a new budget of Tk6,760.74 crore for the fiscal year 2024-25 at a press conference held at the Nagar Bhaban in Dhaka South City today (31 July).
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For the last fiscal year, the allocation for development expenditure from government and foreign aid was Tk4,458.82 crore, but only Tk716.33 crore was spent, which is just 16% of the allocation.
"Our capacity and revenue have increased. However, government allocations for projects dependent on government and foreign aid vary; some years the government allocates less, and some years more. Excluding this sector, our budget remains balanced," Taposh said.
In the new 2024-25 fiscal year budget, significant expenditure areas include operational costs of Tk553.60 crore and development expenditure from Dhaka South City's own funds amounting to Tk1,005.31 crore.
