Govt ministries, agencies and corporations owe CoW millions of dollars for basic services rendered

WINDHOEK: Government ministries, agencies and corporations owe the City of Windhoek (CoW) millions of dollars for basic services rendered, pushing the municipality into a deficit of N.dollars 369 million.

The CoW’s Strategic Executive for Finance, Deon Gerber said during a breakfast meeting here today that the Ministries of Health and Social Services and Education are just some of the ministries which owe the municipality millions of dollars.

Gerber said this time last year, the deficit stood at N.dollars 400 million.

He further stated that the City has approved an increase in the electricity tariff of 9.2 per cent and water tariff of 15 per cent.

‘This is based on various factors such as the current inflation rate which stands at 6.1 per cent, and prime interest rate of 9.75 per cent,’ he stated.

The other factors include the unemployment rate of 27 per cent, and rural-urban migration of over four per cent.

The City Council last Thursday approved the municipality’s total budget of N.dollars 4.1 billion for the 2014/15 financial year.

SOURCE: NAMPA

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