n IMFO : Official Journal of the Institute of Municipal Finance Officers - Foreword by the IMFO President
|Article Title||Foreword by the IMFO President|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Summer 2013|
We have just come through a period of Government shutdown in America - 17 days of "non-essential" services not being operational with non-essential staff being put on unpaid leave. Can you imagine the calculations of income foregone, the balancing of non-payment of staff salaries against the revenue which should have been generated through the opening of tourist attractions and all the related subsidiary services that go along with that? If the US government uses similar processes to those applicable in South Africa, there surely must be some passing of adjustment budgets taking all these consequences into consideration!
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