The budget includes a two per cent rate rise and several new fees and charges.

However, most of the city's fees and charges are subject to measures intended to help with pandemic recovery.

Some are being frozen, others will waived, and a number will be reduced.

The city is predicting a deficit, much like other tiers of government, and has warned this year's budget might be subject to further change.

The budget adopted at last night's meeting included $48m in capital works.

Funded projects included a new pavilion at the Harry Trot Oval, within the Kennington Recreation Reserve, and the second stage of the Bendigo Town Hall renewal.

The first stage of the Wolstencroft Reserve Master Plan was also funded.

The city has budgeted more than $11m for roads, $3.5m for footpaths and shared paths, $1.5m for drainage works, and $510,000 for bridges.

More on this year's budget:

Have you signed up to the Bendigo Advertiser's daily newsletter and breaking news emails? You can register below and make sure you are up to date with everything that's happening in central Victoria.