Loading...
See More

SA’s municipalities owed R30.6bn

May 31 2010 18:26

Related Articles

Govt wants company money for sport

Municipalities struggle with demands

Municipal budgets in fair shape

ANC shuns 'municipal politics'

Municipal unions close to deal

Municipal strike over - union

 
Johannesburg - Metropolitan municipalities are owed a total of R30.6bn as at March 31 2010, according to the third-quarter local government budget statement released on Monday by the National Treasury.
   
The report also showed that national consumer debts amounted to R56.8bn as at the end of March, while R290m in bad debt has been written off.
   
The amount owed to metropolitan municipalities represented an increase of R219m from the same period in the previous year.
   
Consumer debts owing to secondary cities increased from R11.5bn in the second quarter to R11.9bn rand as at the end of March.
   
Municipalities in aggregate had spent 65.7 % or R135bn of the R205.6bn total adjusted budget as at March 31 2010, the third-quarter local government budget statement of the National Treasury said on Monday.
   
This comes against a revenue collection in aggregate of 70.7% or R153.3bn of the R216.8bn total adjusted revenue budget.

The statement showed that metropolitan municipalities collected 66.7% of their revenue by the end of the third quarter of R87.3bn, of the total adjusted budget of R130.7bn.
   
The eThekwini municipality collected the highest proportion of its revenue at 70.1% with Cape Town following at 68.2%
     
- I-Net Bridge
municipality
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
30 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...