The City of Johannesburg has tabled its 2015-2016 Budget which focuses on capital expenditure‚ entrepreneurship development, the green economy, housing and youth employment.
The annual budget of R52.6 billion was announced by City of Johannesburg Member of the Mayoral Committee for Finance‚ Geoffrey Makhubo, on Tuesday.
This is the first time that any city budget in South Africa has exceeded R50 billion.
The budget, Makhubo said, is made up of R42.7 billion in operating expenditure and almost R10 billion for capital expenditure. It was mindful of the tough economic environment.
