Fiscal dumping highlights Gauteng Government’s failed financial performance
7 August 2019
The Democratic Alliance (DA) has continued to note with concern that during the fourth quarter of the 2018/19 financial year, the majority of Gauteng Government Departments’ annual budget spend outstripped the first three quarters.
This fiscal dumping, where budget is spent in a last-minute rush, is sadly the norm in Gauteng and points to poor financial planning.
When fiscal dumping occurs, it usually delays the provision of services, particularly infrastructure projects. This also leads to tender deviations and non-compliance with Supply Chain Management.
The trend of rushing to spend budget is nothing new. Under the watch of Gauteng Premier David Makhura, this has been a practice that has been repeated time and again in the past five financial years.