The Cape Navigator

Seaside Community Newspaper

South Africa

South African Municipalities Spent Half Their Budget, But Struggle to Collect Revenue

Michael Hawthorne

South Africa’s National Treasury released a report on local government finances, revealing that municipalities spent nearly half (46.3%) of their total budget by the end of December 2023. However, revenue collection fell short, with municipalities only collecting 50.3% of their budgeted income.

This mismatch between spending and revenue collection raises concerns about the financial health of municipalities. The report highlights several key points:

The National Treasury report emphasizes the importance of accurate financial reporting and data collection. They are working to improve the credibility of the data submitted by municipalities.


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