KZN Budget: No money left as ANC turn government into an employment agency
7 March 2024
Today’s KwaZulu-Natal Budget presentation, by Finance MEC, Peggy Nkonyeni, has made it very clear - there is no money in the province’s coffers.
The MEC outlined the fiscal challenges facing KZN, yet she failed to tell us how her ANC-run government will turn the situation around. This, as revised estimates see the province facing a R4 billion budget cut – from R154 billion to R150 billion.
She also had no solutions to the fact that 85.6% of the provincial budget goes to Compensation of Employees (CoE), leaving very little to address KZN’s ongoing poverty, inequality and service delivery crises.
The reality is that KZN’s Taliban faction ANC government has become an employment agency at the expense of service delivery. Regrettably, there is little hope on the horizon for KZN’s people as local government also faces a massive cut and as more bad news is expected from national government in terms of municipal grants.