Business / Local
Bulawayo City Council outshines Harare on revenue contribution
25 Nov 2011 at 05:11hrs | Views
Bulawayo City Council (BCC) conrtibuted more pay as you earn (PAYE) compared to Harare, Mutare and other cities. This was revealed in Tendai Biti's 2012 National Budget. Bulawayo only contributed less than Zimplats, ZEDTC, Econet and Delta Beverages.
Of the total revenue to September, the top ten contributing companies accounted for US$110.7 million or 19% of VAT, US$61.1 million or 14.6% of PAYE, and US$69.6 million or 34% of Corporate Tax, as indicated in the Table below:
With regards to on-going works at Harare and Bulawayo airports, Biti propose a Budget provision of US$17.5 million as follows:
• Harare Airport runway rehabilitation, US$7 million; and
• J. M. Nkomo Airport, US$10.5 million.
Finally Joshua Mqabuko Nkomo got funds that are more than the Harare Airport.
The US$80 million contributed into ZIMFUND so far, US$35 million is allocated towards Hwange Thermal, US$30 million towards water and sanitation rehabilitation in Harare, Chitungwiza, Mutare, Masvingo, Kwekwe and Chegutu.
Biti propose to allocate US$50.9 million towards the following dam projects:
• Tokwe Murkosi Dam on-going works, US$38.2 million;
• Gwayi-Shangani Dam, US$8 million; and
• Mutange Dam, US$4.7 million.
With regards to the Kunzvi Dam project, Government will continue to look for suitable private partners to implement the project under Public Private Partnership arrangements.
Matabeleland dams continue to get less money compared to dams from other parts of the country.
Source - Byo24News