The Nelson Mandela Bay Municipality has expressed confidence that it will spend the remaining 56% of its Capital Budget before the end of the financial year.
The Political Head of Budget and Treasury, Mkhuseli Mtsila made this assurance on Thursday after the Democratic Alliance in the Metro expressed concern that the Bay had thus far spent only 41.9 % of the budget.
The Metro has also not fully spent its additional R200 million Urban Settlements Development Grant(USDG) from the National Treasury.
Should it fail to exhaust USDG funding by 30 June 2019 all the remaining amount will return back to the National Treasury.
However, Mtsila said they were working hard to prevent this.
“I get weekly updates on what they [Municipal Departements] do in terms of the conditional grant which normally go back to the Treasury by the end of June. They are on course, they have assured me and I can see on their records that they are spending,”.
Mtsila added, “On Capital Budget, many departments have not spent but they are telling me what their plans are so come June, everything will be in order,”.