Bengaluru Budget: Major Fiscal Overhaul for BBMP on the Cards

ET Home › News › Politics and Nation Search for News, Stock Quotes & NAV's

SENSEX NIFTY 50 GOLD (MCX) (Rs/10g.) USD/INR Download ET CHOOSE 04:05 PM | 13 APR CREATE LANGUAGE PORTFOLIO MARKETS APP MARKET STATS 29,461 182.03 9,151 52.65 29,422 193.00 64.40 0.27 ENG Bengaluru budget: Major fiscal overhaul for BBMP on the cards

By Bharath Joshi, ET Bureau | Updated: Mar 24, 2017, 01.00 PM IST Post a Comment

BENGALURU: The city civic corporation has laid out a municipal reforms roadmap for itself. This includes a dashboard that integrates the city’s revenues and expenditure, which allows one to keep tabs on finances in realtime.

The proposed overhaul, which is likely to be rolled out in the first quarter of the new financial year, borrows best practices from various sources such as the National Municipal Accounting Manual.

“It’s a major system we are bringing called Palike Accounting System 2017,” BBMP Special Commissioner (finance) Manoj Rajan said. The system will replace the outdated fundbased accounting system to a more robust one. BBMP will also propose introduction of concurrent The city's civic body has taken a cue from the National and social auditing in the upcoming budget, and bringing in financial accounting units to Municipal Accounting Manual. handle asset registers and standardise various procedures, Rajan said. Big Change: Bengaluru’s latest pitch in its bid to be a smart city talks of creating a multiagency The end of FiveYear Plans: All you need to know dashboard, an open data portal for citizens, 3D mapping of public assets and property using drone technology and an online project information system.

These measures, experts believe, are necessary for Bengaluru to be in the league of Mumbai and Chennai. The Brihanmumbai Municipal Corporation, which covers an 438 sq km, spends Rs 26,658 on each citizen, which is almost 500% more than what the BBMP spends on a Bengalurean (Rs 4,474). The per capita spend in Chennai is also higher.

“Mumbai has proper enterprise resource planning (ERP) and IT systems. Chennai also has good dashboards for various levels of management,” said Ashok Rao, executive director at Management and Governance Consulting Pvt Ltd.

The city’s agencies need to be given greater powers over their revenues and finances, according to Janaagraha CEO Srikanth Viswanathan. “But this should be ringfaced by a policy framework mandating audited annual accounts, performance management systems and mediumterm fiscal plans all of which are publicly disclosed in a meaningful manner.”

Stay on top of business news with The Economic Times App. Download it Now!

Live Market News Portfolio Mobile Live TV Newsletter Commodities Speed QnA Blogs Alerts RSS

About us / Advertise with us / Terms of Use & Grievance Redressal / Privacy Policy / Feedback / Sitemap / Code of Ethics / / Disclaimer Copyright © 2017 Bennett, Coleman & Co. Ltd. All rights reserved.