Faridabad Civic Budget expected to stay around Rs,3000 cr for 2025-26
Faridabad’s civic budget for the upcoming financial year (2025-26) is expected to remain around Rs 3000 crore, with no significant changes anticipated in income or expenditure. The final budget will be announced next month, sources have reported.
The budget for the current year (2024-25) is projected to be around Rs 1500 crore. Civic bodies like the Municipal Corporation Faridabad (MCF) and the Faridabad Metropolitan Development Authority (FMDA), responsible for infrastructure and maintenance, are in the process of preparing their balance sheets.
In the past year, the MCF has spent approximately Rs 800 crore on various development projects. However, revenue generation has fallen short, particularly in terms of internal sources such as property taxes and other charges. “There is a noticeable gap between income and expenditure, and the civic bodies will need to focus on improving internal revenue sources. Grants from the Chief Minister’s announcements have stopped, and future financial aid will depend on specific projects and the availability of state or central government schemes,” said a senior official, speaking anonymously.
The state government has directed the civic agencies to strengthen their internal resources rather than rely on external grants for development projects. This comes after delays in launching development works in about 96 colonies, regularized or included in the civic limits over the past two years, due to funding shortages.
Deepak Chaudhary, a former corporate, emphasised that a rise in the budget allocation is crucial. “Poor civic infrastructure remains a major issue, especially waste disposal and processing. The development of infrastructure in newly regularised colonies will require additional funding,” he said.
Vijay Kumar, Financial Controller at MCF and FMDA, confirmed that while the budget preparation is ongoing, the civic bodies will need to reduce their reliance on external sources of funding.