News / Local
Government approve Bulawayo budget in record time
03 Jan 2017 at 14:46hrs | Views
Local Government, Public Works and National Housing ministry has pulled a surprise by speedily approving Bulawayo City Council 2017 budget well on time.
The budget was given a nod on 16 December last year.
Traditionally, the budget is approved well into the financial year after several rejections causing friction in the process.
In September last year, council proposed a standstill 2017 budget of $153 million with zero tariff increases, as the city fathers sought to cushion residents against the harsh economic environment coupled with unemployment levels and depressed industrial activity.
"The Ministry of Local Government, Public Works and National Housing has approved the budget for the 2017 municipal year" senior public relations officer, Nesisa Mpofu said in a statement Tuesday afternoon.
" The revenue budget which is pegged at $105,457,120 is a standstill budget with no tariff increases while the capital budget is pegged at $48 109 346.
"The City of Bulawayo found it necessary not to increase tariffs in order to ease pressure on residents and companies, as the economy is still not performing at expected levels. The Council budget was approved on 16 December 2016" she said.
However, the effectiveness of this budget hinges on the availability of funds, she added.
"Ratepayers are therefore, encouraged to consider the payment for services a priority in order for Council to continue providing services".
The budget was given a nod on 16 December last year.
Traditionally, the budget is approved well into the financial year after several rejections causing friction in the process.
In September last year, council proposed a standstill 2017 budget of $153 million with zero tariff increases, as the city fathers sought to cushion residents against the harsh economic environment coupled with unemployment levels and depressed industrial activity.
"The Ministry of Local Government, Public Works and National Housing has approved the budget for the 2017 municipal year" senior public relations officer, Nesisa Mpofu said in a statement Tuesday afternoon.
" The revenue budget which is pegged at $105,457,120 is a standstill budget with no tariff increases while the capital budget is pegged at $48 109 346.
"The City of Bulawayo found it necessary not to increase tariffs in order to ease pressure on residents and companies, as the economy is still not performing at expected levels. The Council budget was approved on 16 December 2016" she said.
However, the effectiveness of this budget hinges on the availability of funds, she added.
"Ratepayers are therefore, encouraged to consider the payment for services a priority in order for Council to continue providing services".
Source - Byo24News