Fiscal prudence key to delivering turnkey projects in poorer

Fiscal prudence key to delivering turnkey projects in poorer areas


Fiscal prudence key to delivering turnkey projects in poorer areas
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​City departments and entities have been urged to exercise fiscal prudence when spending monies allocated to fast-tracking service delivery in the next financial year.
The portfolio head of Finance, Cllr Jolidee Matongo says a lion's share of the City's capital expenditure budget will be invested in accelerating service delivery across previously marginalised communities of Johannesburg.
 
MMC Matongo notes that Joburg's 2021/22 budget contains strategic allocations aimed at reviving the local economy through major infrastructure turnkey projects and the reintroduction of co-production of municipal services in partnership with residents.
Council recently adopted a 2021/22 fiscus of approximately R73.3 billion, despite having kept annual tariff increases at minimal rates. The people-centred budget is designed to rebuild and transform the City into a financially resilient municipality, able to thrive amidst the ongoing economic devastation wrought by the Covid-19 pandemic.

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