CT spends over 90% of budget
Mayor Patricia de Lille said the city spent over 90 percent of its R4.5 billion budget.
CAPE TOWN - Mayor Patricia de Lille on Tuesday announced that the city spent over 90 percent of its R4.5 billion budget during the last financial year.
She and her deputy, Ian Nielson, released the municipality's provisional financial results earlier in the day.
De Lille said the city is on the right track.
Most of the funds were spent on things like electricity, water and sanitation.
The metro also spent a large chunk of its R2.1 billion in conditional grants received from national and provincial government.
The rest of the money is already set aside for housing and public transport infrastructure projects.