The National Treasury recently released the local government revenue and expenditure report for the fourth quarter of last year, as well as the cumulative results of the 2022/23 financial year. This report covered the performance against the adjusted budgets of local government and included spending against allocations for the same period.
The report formed part of the In-year Management, Monitoring and Reporting System for Local Government, which enabled provincial and national governments to exercise oversight over municipalities and identify possible challenges in implementing municipal budgets
