n IMFO : Official Journal of the Institute of Municipal Finance Officers - Millions unspent in struggling municipalities : newspaper extract




Extracted from text ... 16 Millions unspent in struggling Municipalities Business Day, Monday, September 5 2005 Hilary Joffe Associate Editor SA's 284 local authorities allocated a total of R17bn to capital projects in the latest fiscal year, but many have been struggling to spend their capital budgets. Latest figures from the national treasury show even a large metro such as Cape Town spent only 61% of its budgeted capital expenditure, while the Gert Sibande municipality in Mpumalanga used less than a quarter of its capital budget. The City of Tshwane almost met budgeted spending levels while Johannesburg spent 106% of its capital bud ..


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