Budget 2024 I Financial challenges facing municipalities

The difficult economic environment as well as the high cost of living and high unemployment levels have given rise to difficulties with revenue collection for local governments.
The lack of adequate revenue has made it difficult for municipalities to invest in infrastructure and service delivery.
A Municipal Revenue Maturity Benchmark report compiled by Ntiyiso Consulting Group indicates that COVID-19 compounded constraints in municipal finances with customers struggling to pay for services due to loss of income.
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