Metro

Monze Council proposes K129.4 million budget for 2024

0

Monze Town Council has proposed a budget of K129.4 million for the year 2024, representing a 17 percent increase from the previous year’s plan.

The budget was presented by Committee on Finance Chairperson and Hufwa/ Hamapande ward councillor, Bright Chaava, during a Special Council meeting held at the Civic Center in the Council Chambers on Tuesday.

Council Chairperson, Powell Mutenguna, expressed optimism that the proposed budget would address the local developmental challenges faced by the town.

He highlighted the importance of allocating funds towards infrastructure and environmental concerns, improving the quality of life for residents, and promoting economic growth.

Read more: Mambwe Town Council seizes over two thousand bottles of expired drinks

To support the proposed expenditure, Monze Town Council Treasure, Edson Muliya, explained that: “K119.2 million (92 percent) of the budget will be financed through national support, while K10.2 million (eight percent) will be raised from internal revenue sources.

“The budget also includes provision for devolved ministries.”

Some of the key undertakings mentioned in the proposed budget included the maintenance of township roads amounting to K3.7 million, the upgrade of Chicheleko Dumpsite at K1 million, and the installation of street lights from Monze Boarding Turn Off to Mount Meru Filling Station at K1.5 million.

Additionally, an allocation of K400,000.00 had been allocated to Water reticulation at Silwili and St Marys’ Markets and K820,000 has been set aside for the Mulumbwa play park, among other projects.

The proposed budget would now undergo further scrutiny and approval processes at the Ministry of Local government and Rural Development, ensuring accountability and transparency in its implementation.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Pressure on Kwacha continues, as reports anticipate some relief from month-end, last-minute salary conversions

Previous article

Miyanda calls for repeal of Public Order Act to make Access to Information Law impactful

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Metro