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Municipal Borrowing Highlights - March 2021

On the 31st March 2021, municipalities completed a full calendar year of COVID-impacted budget implementation. According to the Municipal Borrowing Bulletin (March 2021 Issue);

  • Lenders reported a total of R68.5 billion in outstanding long-term borrowing by municipalities

  • New borrowing incurred so far in the current year was reported at R2.9 billion, which is about 26 percent of the budgeted amounts for the fiscal year.

  • Private sector investment in municipal debt obligations grew faster than investment by the public sector over the past twelve months.

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