Maravi

Kitwe council presents K93.4bn budget

Kitwe council presents K93.4bn budget
By Misheck Wangwe in Kitwe
Wed 04 Jan. 2012, 13:25 CAT

KITWE CITY Council has presented a K93.4 billion budget for 2012 to be approved
by the central government.

According to the summary of revenue and expenditure estimates for 2012, more than K37 billion would be spent on personal emoluments that include salaries, wages, terminal benefits, personal allowances and other remunerations for workers at the council.

The budget shows that about K8.9 billion would be spent on supplies and services in the city such as purchase of equipment and tools, furniture, chemicals, medical drugs, uniforms, protective clothing and many others.

Under capital projects account from the central government, the council estimates to get about K4 billion.

In terms of income, the council estimates to get more than K89.4 billion in 2012.

The budget indicates that this year the council would get more than K26 billion from rates, K2.7 billion from local rates, K5.7 billion from licences, 1.6 billion from levies.

In other statutory revenues, Kitwe City Council hopes to raise K15 billion from charges such as plot premium and K772 million from permits.

Meanwhile, the Luanshya Municipal Council has presented a K22.6 billion budget for 2012.

In an interview, Luanshya mayor Nathan Chanda said the budget that was approved by the full council was realistic and balanced, based on activities supported by expected levels of income.

Chanda said K8.2 billion, representing 40 per cent of the total budget, would go towards service provision which was the core business of the local authority while K6.96 billion would go towards personal emoluments.

He said the remaining K7.43 billion had been apportioned for capital projects, purchase of motor grader and front-end loader, youth sport promotions and ward development fund among other projects.

Chanda said the estimates of revenue and expenditure have since been submitted to the Ministry of Local Government and Housing, Early Education and Environmental Protection for approval.

Labels: BUDGET, KITWE CITY COUNCIL

posted by MrK @ 5:25 PM