Liquidity position of many municipalities at risk
- June 5, 2024
- Infrastructure
- 0 Comments
National Treasury has released the ‘Local Government Revenue and Expenditure Report’ for the third quarter of the 2023/24 financial year, which shows an underperformance of actual collections against billed revenue. Treasury warns that this holds a significant risk for the liquidity position of most municipalities as the planned expenditure is based on a higher performance level.
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