Metro’s Capital Expenditure vs Budgets 2nd Quarter 2023/24 (December 2023)

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Metro's Capital Expenditure vs Budgets 2nd Quarter 2023/24 (December 2023)

Capital expenditure by Metro's increased by 20 percent y-y in the first two quarters of the 2023/24 financial year (last six months of the 2023 calendar year), excluding Nelson Mandela Bay, that again included significant adjustments. City of Cape Town was the biggest contribution, with capital expenditure having increased by 62 percent (or R1.3bn) to R3.5bn. eThekwini increased expenditure by 11 percent (or R156m) to R1.5bn, while Tshwane increased by 45 percent (or R170m) to R2.2bn.

Capital expenditure by Ekurhuleni and Mangaung decreased in the last six months of 2023, withy only a moderate increase reported by City of JHB. Collectively, less than 30 percent of the annual capital budgets was spent, on par with expenditure trends in the 2022/23 financial period for the comparable period.  Good news is expenditure increased in housing, road transport, energy and water and wastewater management. Capital expenditure on health however declined by 13 percent.

In the 2024 Budget, infrastructure allocations to local government was increased by R23bn to R213bn over the three year period from 2024/25 to 2026/27, while allocations to national and provincial governments were reduced. This means a higher portion of infrastructure expenditure is projected to be distributed through local governments, reaching 50 percent of total government infrastructure expenditure (excluding SOE's and public entities) by 2026/27.  It is therefore imperative to monitor local government expenditure at metro, district and local government level as more responsibility in terms of infrastructure delivery is passed through, despite capacity and management issues that has for decades plagued service delivery.

Details for each of the metros are included in this dataset dating back to 2017/18, and is updated quarterly.

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