Expenditure Framework News Today

Don't panic — Buffalo City Metro says it will consult with ratepayers before it implements the proposed tariff hikes for the 2024/2025 financial year. A recent draft budget and Integrated Development Plan (IDP) report revealed the metro’s plans to increase the electricity tariff by 15.81% — which is above the National Energy Regulator of SA (Nersa) proposed increase of 12.

Governor Ahmadu Umaru Fintiri of Adamawa State has signed a N225.893 billion budget for 2024, titled 'Budget of Reengineering.'

The Senate on Friday passed for second reading, the N27.5 trillion 2024 Appropriation Bill presented by President Bola Ahmed Tinubu on November 29, 2023.

  More than N6billion was spent by Governor Ademola Adeleke of Osun State to run the “Office of the Governor” in three months, a copy of the state budget performance report seen by SaharaReporters has revealed. According to state records, the amount is different from the N209 million spent on personal expenditure in the governor’s office.

Stellenbosch Executive Mayor Adv Gesie van Deventer recently tabled the municipality’s 2023-’24 budget, revealing a staggering R2,778 billion allocation. The largest in the history of Stellenbosch, it was approved by council on 24 May.

City is now only three levels above junk. Costs of borrowing keep increasing.

This follows extensive IDP and draft budget engagements with residents and different stakeholders from across the municipality.

The Democratic Alliance (DA) is calling on all stakeholders in Mangaung, residents and the business sector, to review the draft Integrated Development Plan (IDP), the Multi-Year Revenue and Expenditure Framework (MTREF) budget, sectoral plans, and spatial development framework that have been published. The DA urges everyone to submit their inputs before the closing date of Tuesday, 23 May 2023. Stakeholders can access the draft IDP 2023/2024, sectoral plans, spatial development framework, the MT...

The National Treasury is embarking on provincial roadshows to communicate the 14 conditions under which the debt owed to Eskom by municipalities can be written off over the coming three years. As of March 31, Eskom was owed a whopping R57-billion by municipalities and the municipal debt issue has continued to worsen despite several previous attempts to address the problem.

The South African Local Government Association (Salga) has acknowledged with concern the debt spiral that both State-owned utility Eskom and municipalities currently face. Municipalities were owed R306-billion as at December 31, 2022, while municipalities, in turn, owe Eskom R56.3-billion.