BMC Commissioner Bhushan Gagrani presented his first budget for the 2025-26 financial year on Tuesday, marking the third consecutive budget in the absence of an elected body. The civic body is under an administrator since the term of the corporators ended on March 7, 2022. While no major new projects are expected, the primary focus will be on completing ongoing large-scale infrastructure initiatives.
Watch LIVE here:
At 9:30 AM
Additional Municipal Commissioners will present the budget to Administrator and Civic Chief Bhushan Gagrani. This year, Additional Municipal Commissioner (Projects) Abhijit Bangar will present the budget estimates for 2025-26.
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Additional Municipal Commissioner (Eastern Suburbs) Amit Saini will present the education department's budget estimates for the next fiscal, as per a BMC release.
At 9:00 AM
Mega Projects Currently Underway In City:
Road Concretisation upto 800 kms : Rs 12,330 crores
Mumbai Coastal Road Project- Phase 2 - Versova to Dahisar : Rs 16,621 crores
Dahisar to Bhayandar Connector: Rs 1,998 crore
Upgradation of Sewage Treatment Plants (STP): Rs 27,000 crores
Goregaon-Mulund Link Road Tunnel: Rs 6322 crores
Eastern Freeway Extension (Orange Gate to Grant Road): Rs 1,330 crores
Yevai (Bhiwandi) to Mulund Water Tunnel: Rs 4,500 crores
At 8:30 AM
What To Expect From This Year's Budget?
With several projects nearing completion, major funding will be allocated to ensure their timely execution. The BMC is expected to take a cautious fiscal approach, balancing financial stability with the long-term impact of these developments. Key revenue sources such as redevelopment premiums, property tax revisions and the auctioning of prime plots will play a crucial role in financing civic operations.
The civic body has already undertaken several major projects, including road concretisation, the upgradation of seven Sewage Treatment Plants and the Goregaon-Mulund Link Road. Additionally, key infrastructure developments such as the Vikhroli and Andheri Gopal Krishna Gokhale Bridge, Bellasis Bridge at Grant Road, Carnac Bunder Bridge in South Mumbai and the Sion Bridge are expected to be completed this year. Officials have confirmed that these near-complete projects will receive a substantial share of the upcoming budget to ensure their smooth completion.
Key Features Of Last Year's Budget
In the 2024-25 financial year, the BMC had presented a budget of Rs 59,954 crore, reflecting a 13.9% increase over the previous year. Of this, Rs 31,774 crore, 53% of the total, was earmarked for capital expenditure. By December 31, 2024, nearly 52% of the allocated capital expenditure had been utilised, with major spending directed toward Solid Waste Management (SWM), the Mumbai Coastal Road, bridges, roads and the Water Supply Project (WSP). The BMC’s fixed deposits currently stand at Rs 81,000 crore, reinforcing its financial strength.
