OPINION | Praise for Treasury’s tough stance on municipal finances
As South Africa heads to local government elections in November, the National Treasury’s new approach comes at an opportune time and deserves our full support.
By Rebone Tau South Africans should commend the National Treasury for taking a difficult but necessary stand on the financial crisis facing municipalities.
The four areas identified by National Treasury, namely adopting funded budgets, paying creditors, addressing unauthorised, irregular, fruitless and wasteful expenditure, and implementing consequence management, are entirely reasonable.
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