Goromonzi Proposes 32% Budget Increase For 2025

wisdom
2 Min Read

By Correspondent

Goromonzi Rural District Council’s 2025 budget has increased from last year’s USD$ 8.2 million to USD$ 10.9 million.

In order to fund it, the local authority has vowed to institute improved revenue collection methods.

Council Finance Chairperson Cllr Andrew Mhembere said the budget increase has been necessitated by the capital model and expected new levies.

“Our budget increased from USD$ 8 278 068 in 2024 to USD$ 10 920 551 in 2025.

“The budget increased due to capita model and as well as expected new levies from new developments,” he said.

“Council shall work hard to improve revenue collection by instituting more effective revenue collection methods as well as debt mechanism.

”Council is expecting to get 39% of the total budget from external funds.

These include devolution and Zimbabwe National Roads Authority (ZINARA).

37% is expected from property taxes, with 14% coming from fines and penalties.

From self-financing council is expecting 9.64% and service charges will contribute 0.36%.

“We expect the situation to improve in year 2025 once council puts its revenue mechanism in place.

“Hence the anticipated revenue of USD$ 4 066 707.5 which represents 37% of the total anticipated revenue.

“We expect to receive USD$ 4 199 498. 5 which is 39% from ZINARA and devolution grant from central government,” he said.

Service charges will contribute 0.36% which translates to USD$ 39 937 while self-financing will contribute 9.64%.

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