Chadiza Town Council unveils a K14.9 million 2018 budget.

Chadiza Town Council has unveiled a 14.9 Million Kwacha Capital investment Plan and budget for 2018.

The budget was presented by Council Treasurer Smart Muwowo during a Stakeholders meeting on the revenue estimates and Capital investment plan.

Mr Muwowo revealed that a total of 5.1 million Kwacha of the budget will be generated through local revenue while 8.4 million Kwacha will be from national support through grants from government.

One point four million Kwacha will be financed through the Local Development Fund such as CDF, Constituency Development Fund.

He said that a total sum of 4.4 million Kwacha has been budgeted for capital investment projects such as the modern abattoir, maintenance of feeder and township roads, rehabilitation and drilling of boreholes, extension and maintenance of a Trucker’s Parking Area at Chanida border and the construction of a fire station.

He said that 10.5 million Kwacha will be used to finance other projects to be undertaken by the council next year.

Bookmark the permalink.

Leave a Reply

Your email address will not be published.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