Nkasi approves over 41bn/- budget for 2023/24

NKASI District Council in Rukwa Region has approved a 41.07bn/- budget for 2023/24 financial year.

The budget is expected to be funded from various sources including 3.11bn/- from domestic revenues collections, with the remaining amount coming from the central government and other sources.

The District Council’s Planning Officer Mr Deusdedith Joseph presented the budget at the councillors’ special council meeting held at Namanyere Township over the weekend which discussed and approved the budget.

Giving a break down Mr Joseph said 12.33bn/- will finance development projects while 21.21bn/- recurrent expenditure. A total of 882.4m/- is set aside for other charges (OC).

He further explained that 60 per cent of the budget would be spent on development projects while 40 per cent will be directed to recurrent expenditures.

He emphasised that the council would also allocate 10 per cent of its domestic revenues collection for loans to youth, people living with disabilities and women, as measure to implement directives from the central government.

Mr Joseph further explained that the council is planning to closely supervise the domestic revenue collection in efforts to curb all loopholes that cause misappropriation of the collected revenue.

On his part, council Vice Chairman Mr Wenseslaus Kapita tasked councillors to continue plunging loopholes that lead to leakage of revenue in their jurisdictions.

He reminded councillors to be more efficient especially in checking revenue leakage.

He reminded the council’s officials and councillors on the need to effectively fulfill their responsibilities to serve wananchi.