Treasury reveals KZN is facing projected R9.7billion over-expenditure bill
14 November 2023
A Provincial Treasury mid-term budget presentation to KwaZulu-Natal’s (KZN) finance portfolio committee has revealed that the province is facing projected over-expenditure of R9.7billion under the Taliban faction ANC government.
The shocking figure comes as National Treasury has only agreed to contribute R3.7billion - 78% of the province’s crippling wage agreement for compensation of government employees. This will leave KZN with a projected over-expenditure bill of more than R6billion.
Treasury have said that KZN’s government departments now need to reassess their budgets and make further cuts. Yet, it is already clear from the current over-spend that they will not be able to cut their budgets sufficiently to make up the R6billion overspend.
The reality is that any further cuts by government departments are going to affect service delivery to the people of our province.