Noida Authority is expected to announce its budget for financial year 2018-19 in a board meeting likely to be held on April 25 at the authority office in Sector 6. If sources are to be believed, the budget could be over Rs 5,000 crore, and development and maintenance of the city will grab the lion’s share.
Alok Tandon, chairman and CEO of Noida Authority, will declare the budget.
In 2016-17, the Noida Authority had a budget of Rs 9,000 crore, but it could spend only Rs 3,900 crore. Last year (2017-18), the budget was set at Rs 8,070 crore, but owing to slow work only Rs 3,500 crore was spent.
However, officials feel that it is not necessary that the budget amount has to be entirely spent within a year.
“The authority intends to spend more than Rs 2,000 crore on development and maintenance of civic amenities, health services and development of urban areas this year,” a source said, on condition of anonymity.
This financial year, Noida Authority is expected to increase the budget for rural areas. “We are going to increase the budget for rural areas by 20 per cent. Last year, the authority declared a budget of Rs 158 crore for rural area, but spent only half the amount,” the source said.
There are 82 villages spread over 20,000 hectares under the jurisdiction of Noida Authority. In 1976, the state government had started establishing Noida, a planned industrial town, on agricultural land owned by farmers of these villages.
The Noida Authority will also increase the budget for Metro work.
Last year, Noida Authority had allocated Rs 43 crore for maintenance and cleanliness of the city under the Swachh Bharat mission. But this time, that amount has been hiked to Rs 60 crore. “This amount will be spent on initiatives related to the Swachh Bharat mission. The aim of this hike is to provide Noida residents a clean, pollution-free city,” the source confirmed.TAGS: Noida Authority / Budget / Financial Year / 2017-18 / 2018-19 / Development and Maintenance / civic amenities / health services / funds