Gauteng govt to increase revenue streams to keep up with e-toll debt payments
It announced on Monday that the first instalment of R3.8 billion has been paid to the South African National Roads Agency.
FILE: An e-toll gantry. Picture: Xanderleigh Dookey Makhaza/Eyewitness News
JOHANNESBURG - The Gauteng government said it would increase revenue streams to keep up with payments of its e-toll debt.
It announced on Monday that the first instalment of R3.8 billion had been paid to the South African National Roads Agency (SANRAL).
Gauteng aims to settle the R20 billion e-toll debt over the next five years.
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Gauteng Treasury head, Ncumisa Mnyani, said that money to pay off the e-toll debt would be taken from the provincial revenue fund.
"We have existing revenue streams, and studies we have done found there could be more efficiencies in terms of how we deal with the collection of this revenue."
The Gauteng government has three main revenue streams where it gets its money from.
The equitable share and grants both come from national government, while the third and main one is revenue it generates for itself from licences either for driving, liquor, and casinos.
The provincial government said it was also looking at the possibility of creating alternative revenue streams.