4 months ago
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The Greater Visakhapatnam Municipal Corporation (GVMC) is readying to clasp its yearly fund gathering for the fiscal twelvemonth 2026–27 connected February 4.
Earlier, the Standing Committee of the GVMC had already fixed its support to the fund estimates for 2026–27 during a peculiar gathering convened connected January 12.
According to the approved estimates, the opening equilibrium for the forthcoming fiscal twelvemonth is pegged astatine ₹36,596 lakhs. Receipts nether assorted heads are projected to beryllium ₹3,81,441 lakhs, taking the full receipts, including the opening balance, to ₹4,18,037.57 lakhs. On the expenditure side, the civic assemblage has estimated spending of ₹4,04,712 lakh nether each heads. After accounting for the projected expenditure, the closing equilibrium for the twelvemonth is projected to basal astatine ₹13,325.57 lakhs.
Ahead of the fund meeting, the GVMC is apt to convene a assembly gathering connected January 30. Arrangements for this gathering are said to beryllium successful the pipeline, with officials coordinating and finalising the docket points. The authorities are holding consultations with the Mayor, departmental heads and corporators to hole a broad agenda.
It whitethorn beryllium noted that these 2 meetings presume added value arsenic they could beryllium the last league of the existent GVMC council. The word of the existing assembly is scheduled to reason connected March 17, 2026. The existent GVMC assembly was constituted successful March 2021, and the upcoming meetings whitethorn service arsenic the past large exercises of the assemblage earlier the extremity of its term.
