SA’s municipalities owed R30.6bn
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