Gobabis approves their budget
The Gobabis town council tabled the budget for the 2018/2019 financial year and while the revenue went up by 21%, expenditure rose by 24%.
20 August 2018 | Government
While the Gobabis town council is facing cash flow constraints due to increasing consumer debts, exemption of interest charges for the accounts of pensioners and the disabled was tabled
“The increase of consumer debts are from pensioners, the disabled and debts left by the deceased,” according to a statement released by the council. Redforce Debts Management was contracted by council to collect outstanding debt as a preventive measure to stop further debt. Council will also inforce strict control measures with regards to expenditures.
Another challenge residents of the town face is the rapid inflation rate which causes economic hardship. “There is a continuous challenge to render affordable services to the community,” council said. There is also an increasing influx of people, with a high unemployment rate in the area.
“Council budget includes the estimated revenue of N$126 015 229 while estimated expenditure is to the tune of N$125 894 789.”
With the estimated operational budget, the Gobabis municipality is looking at a surplus of about N$120 000 for the next financial year.
The grand total of the capital budget is about N$33.8 million and includes financing from council’s internal source funding of N$18.8 million. Financing from the ministry of urban and rural develop is N$15 million.
As part of council’s social responsibility, provision was made for donations to social projects and institutions. A total of N$50 000 was set aside for the Christmas meal for pensioners in Elim, Epako and D/L Huis. They will also make a contribution of N$9 000 for the schools prize giving ceremony. A total of N$100 000 was budgeted for unforeseeable events.