n IMFO : Official Journal of the Institute of Municipal Finance Officers - From the editor
|Article Title||From the editor|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Winter 2013|
I recently read that the Statistics SA report showed that Municipalities still relied heavily on grants and subsidies for revenue, followed by sales from electricity and gas, and property rates. Other sources such as fines, licences and permits made up less than 10%. The government, in a process driven mainly by the Treasury, wants a tight leash on public spending as it tries to cut the budget deficit over the next three years.
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