NMB Operating and Capital Expenditure Projected to Reach R10.5 Billion by 2016/17
Nelson Mandela Bay’s operating and capital expenditure is projected to reach R10.5 billion by the 2016/17 financial year, according to figures released by National Treasury.
Of this, R1.6 billion will be capital expenditure and R8.9 billion operating.
The figures for the current 2014/15 financial year are R1.4 billion and R8.3 billion, respectively, for a total of R9.7 billion.
Nelson Mandela Bay accounted for just 4.9% of total capital and operating expenditure by all of the eight metros in 2014/15, a percentage that National Treasury projects will dip slightly to 4.8% by 2016/17.
In both instances, this is the third lowest percentage of all the metros after Buffalo City and Mangaung.
In the current financial year, Johannesburg accounts for the highest percentage (24.6%), followed by Cape Town (17.7%) and eThekwini (16.6%).
The metro’s capital expenditure in 2014/15 amounted to just 0.7% of total capital spending by all eight metros.
This figure is not projected to increase between now and the 2016/17 financial year.
The National Treasury figures show that Mandela Bay’s operating and capital revenue for the current financial year 2014/15 is R8.6 billion, which is projected to increase to R10.6 billion by the 2016/17 financial year.
This amounts to just 4.7% of total revenue accruing to all eight metros in 2014/15.
National Treasury said that these figures will not increase between now and 2016/17. - MetroMinutes.
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