Bulawayo City Council debt up 3%

Bulawayo City Council (BCC)'s debt has increased by 3% to $122 million as at the end of March 31, as council continues to acquire goods and services on credit while there is a backlog in payments for services received, latest council minutes have shown.

According to the minutes, council owed statutory bodies such as the National Social Security Authority, Municipal Provident Fund and the Zimbabwe Manpower Development Fund about $45 million as at March 31.

It also owed about $63 million to TelOne, Zinwa and Zesa.

The council also owed workers $7 million in outstanding salaries, while unpaid taxes had increased to $2 million. Financial institutions were owed $3 million.