https://www.engineeringnews.co.za
Financial|Waste|Waste Management|Water|Waste
Financial|Waste|Waste Management|Water|Waste
financial|waste-company|waste-management|water|waste

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

15th November 2018

By: African News Agency

  

Font size: - +

The revenue for South African municipalities is expected to rise to R431.5-billion in 2019/20 and R462.5-billion in 2020/21 from a budgeted R404.6-billion for 2018/19, the National Treasury said on Thursday.

In a statement on the medium term revenue and expenditure framework for municipalities, the Treasury said total municipal expenditure in 2018/19 was estimated at R441.6-billion, up 5.7 percent from 2017/18, and would increase to R467.9-billion in 2019/20 and R495-billion in 2020/21.

This would lead to a 2018/19 financial year net deficit of R4.7-billion, a shortfall of R2.8-billion in 2019/20 and a surplus of R41.3-million in 2020/21.

The Treasury said municipal operating expenditure on water, electricity, waste water management and waste management was budgeted to increase from R174.7-billion in 2017/18 to R184.3-billion in 2018/19, equating to half of the total operating expenditure of municipalities.

Edited by African News Agency

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.212 0.273s - 164pq - 2rq
Subscribe Now