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Business community endorses supplementary budget

The business community in Bulawayo has endorsed the Bulawayo City Councilโ€™s (BCC) supplementary budget amid calls for the local authority to explore new revenue streams.

The local authority has been forced to push for a supplementary budget, amid indications that the current budget passed late last year has been eroded by inflation and currency rates distortions.

Discussing the municipalityโ€™s proposed supplementary budget at the Large City Hall, Tuesday, business people said increasing rates was not the solution hence council should come up with alternative ways of increasing revenue.

A local businessman, Tobias Moyo said the supplementary budget was a necessity because the council has a responsibility to deliver quality services.

โ€œThe budget is reasonable because service delivery has to be maintained. However, there isย a needย for the Council to engage with tertiary institutions to research on opening up other revenue streams.

โ€œCouncil can also partner withย the privateย sector who can help them generate more revenue,โ€ said Moyo.

Another business owner Dumisani Ncube said the local authority should engage the government on subsidies.

โ€œLet us ask the government for subsidies, countries like Sweden are doing it and are developed,โ€ said Ncube.

He, however, said even if the increase is reasonable, Council had to consider that most peopleโ€™s salaries had not been increased, which will make it difficult for residents to pay rates.

โ€œSalaries never wentย up,ย businesses also never went up. It does not make sense toย increase chargesย for those who are paying at the expense of those who have been defaulting. This will discourage the few people who have been paying their bills,โ€ said Ncube.

Nhlanhlaย Mliloย from theย National Association of Non-Governmentalย Organisationsย (NANGO) lobbiedย the councilย to come up with alternative revenue collection measures.

โ€œCouncil should come up withย a mechanismย to make sure that we will not come again in two months for another supplementary budgetโ€.

Bulawayo Town Clerk Christopher Dube highlighted that the local authority was working on projects that could generate revenue for the municipality, although some were politically suppressed.

โ€œProposals includeย smartย meters, deduction of money from ratepayers on other platforms such as electricity bills and dragging owing debtors to court.

โ€œHowever,ย there are challenges as some of the strategies are not economic but politically motivated,โ€ said Dube.

 

 

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