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Challenge of financing physical infrastructure and services in Brihanmumbai municipal corporation

Author

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  • Rode, Sanjay

Abstract

Mumbai city is a financial capital of country but at present it is facing acute pressure of rise in population and inadequate infrastructure facilities and services. All the infrastructure facilities are overcrowded and services are not sufficient to present population, commerce and trade purpose. Such facilities are affecting on standard of living of population in city. The revenue sources are increasing for Brihanmunbai Municipal Corporation (BMC) but they are inadequate to finance infrastructure expenditure. The demand of the funds is higher for city environment, institutional reforms, common services and social welfare of population. Municipal Corporation must raise the investment from the capital market through issuing municipal bonds. RBI must either allow commercial banks to provide infrastructure development finance or establish non banking financial institutions for this purpose. Similarly efficient expenditure management, innovative methods of revenue collection will yield better results. BMC must implement public private partnership in maximum infrastructure related projects. It will reduce the debt burden of Municipal Corporation. BMC cannot keep people away from using the municipal corporation services. Services provision at grass-root level is in an important challenge for BMC.

Suggested Citation

  • Rode, Sanjay, 2011. "Challenge of financing physical infrastructure and services in Brihanmumbai municipal corporation," MPRA Paper 30017, University Library of Munich, Germany, revised 27 Feb 2011.
    • Handle: RePEc:pra:mprapa:30017
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    File URL: https://mpra.ub.uni-muenchen.de/30017/1/MPRA_paper_30017.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2009. "Improving Municipal Management for Cities to Succeed," World Bank Publications - Reports 10568, The World Bank Group.
    2. Chetan Vaidya, 2009. "Urban Issues, Reforms and Way Forward in India," Working Papers id:2311, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fiscal deficit; social welfare ; development expenditure;
    All these keywords.

    JEL classification:

    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories

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