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Municipalities write off R574m as bad debt

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Cape Town - Generally speaking, spending by municipalities has increased from the first quarter of this year, but is still poor performance compared to the second quarter of the previous year, National Treasury said on Friday.

Its latest report on local government revenue and expenditure covers the second quarter of the 2015/2016 financial year.

Metropolitan municipalities are owed R64.4bn (R63.1bn reported in the first quarter) in outstanding debt as at December 31 2015. This represents an increase of R9bn (16.3%), from the second quarter of the 2014/2015 financial year.

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