Monze Council approves K23 million 2019 budget
By Staff Reporter
MONZE Town Council has approved an over K23 million 2019 budget for Monze district in accordance with the provision of the local government Act Cap 281 of the Laws of Zambia.
According to a press statement issued by Monze District Council public relations officer Nelson Kazeze, the council’s revenue and expenditure estimates for next year would be valued at a total sum of K23, 135, 573.03.
Kazeze stated that the budget was approved during a special full council meeting held at the Monze town council chambers on Thursday.
“The local authority expects to K4, 200,000 from Constituency Development Fund (CDF) for the three constituencies in the district where as K9, 540,000 will be sought from the Local Government Equalisation Fund,” Kazeze stated.
“The council further expects to generate local revenue worth K9, 395, 573.03. The 2019 estimates of revenue are representing a budget increase of K2, 934, 205.03 or 14.5% from the 2018 budget.”
And Kazeze disclosed that the basis of the budget forecasting was the Monze town council’s strategic development plan that was “almost concluded and awaiting validation.”
He added that provisions of the budget had been made as guided in the Seventh National Development Plan (7NDP) whose core focus was “leaving no one behind in the integrated multi-sectoral development approach of accelerating development efforts toward vision 2030.”
“The budget has been prepared using participatory budgeting with all stakeholders, in line with the revised national decentralisation policy,” stated Kazeze.