KwaDukuza approves R1.5 BILLION budget

2015-06-10 06:02
KwaDukuza deputy mayor Dolly Govender, mayor Ricardo Mthembu and speaker of the council Thulani Khuluse at Luthuli Museum where council adopted the budget for the 2015/2016 financial year.
 Photo: 
Makhosandile zulu

KwaDukuza deputy mayor Dolly Govender, mayor Ricardo Mthembu and speaker of the council Thulani Khuluse at Luthuli Museum where council adopted the budget for the 2015/2016 financial year. Photo: Makhosandile zulu

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THE KwaDukuza Municipality adopted the R1.5 billion 2015/2016 budget tabled by Mayor Ricardo Mthembu at Luthuli Museum last Thursday.

The budget, effective as of 1 July, prioritises the poor, projects funded by conditional grants, job creation and the repairing and maintenance of the municipality’s revenue generating assets.

Mthembu said for the new financial year the total operating revenue is an estimated R 1, 263, 206, an R87 million growth from the previous financial year and the operating expenditure would total an estimated R 1, 263, 177. He said in the next two financial years the former is expected to increase by R106 million and R129 million respectively. He estimated the total capital expenditure would be R375 million.

Mthembu said a total revenue growth of R322 million is expected in this year’s Medium Term Revenue and Expenditure Framework (MTREF).

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