Mumbai, Feb. 25 -- The Brihanmumbai Municipal Corporation on Wednesday presented its much awaited budget for the financial year 2026-27, proposing an unprecedented outlay of Rs 80,952.56 crore, marking the first time its annual budget has crossed the Rs 80,000 crore mark.
Infrastructure development and long term urban projects bag the bulk of the increased outlay.
The new budget reflects a sharp rise in spending, registering an increase of more than Rs 6,500 crore over the Budget Estimates for 2025-26, which stood at Rs 74,427.41 crore. With this expansion, the BMC continues to retain its position as the country's wealthiest municipal corporation.
A significant portion of the outlay has been directed towards capital expenditure. The corp...