RCB Rolls Out Budget Worth PKR 3.5 Billion for FY 2021-22
Rawalpindi: According to news reports, the Rawalpindi Cantonment Board (RCB) has submitted a budget of PKR 3.572 billion to the Military Land and Cantonment (MLC) for final clearance for the fiscal year (FY) 2021–22.
The RCB has promised to improve the efficiency of tax collection and has not proposed any additional taxes or tariff increases on water for this year. Also, the board stated that the new taxes. After the local government election, the revision of water surcharges and development work on uplifting programmes would be carried out.
The anticipated spending plan will take into account the following details:
• 301 million Pakistani rupees will be used for the development programmes.
• PKR 1.4 billion has been set aside for paying employee salaries.
• PKR 700 million for a contingency fund and paying utility costs
• The total miscellaneous expense was PKR 422 million.
• PKR 450 will be used to repair and maintain various pieces of equipment.
Also, with an initial budget of PKR 97.85 million, the administration have set the overall income objective at approximately PKR 3.67 billion. Property tax is anticipated to raise PKR 2.045 billion of the total, while property rent tax is anticipated to raise PKR 1.014 billion, up from PKR 653 million last year.
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