×
The Standard e-Paper
Join Thousands Daily
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
BY NGUMBAO KITHI
The Mombasa Municipal Council is sinking in debts. While unveiling the council’s budget statement for the 2012/2013 financial year at the Town Hall, the Chairman of the Finance Committee, Mr Mohamed Hatimy revealed Thursday that the council has an outstanding debt of Sh2 billion.
He said the council plans to spend Sh1.37 billion to pay 2,550 employees and 44 councillors, an increment of Sh6 million. The estimates show that Sh580 million will be for maintaining assets, and Sh667 million for daily operations despite a projected deficit of Sh441 million.
To make matters worse, Mombasa’s revenue collection is projected to be Sh3.2 billion but its expenditure will be Sh3.6 billion meaning the local authority will spend more than it can afford, but has no plans to reduce the stupendous wage bill.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join