By Simon Nare
Gauteng finance and economic development MEC Lebogang Maile has unveiled a five-year budget approach that he believes will facilitate provincial delivery based on the medium-term development plan.
Tabling the provincial budget at the legislature on Tuesday, Maile warned against wasteful expenditure and highlighted how accruals remained a significant threat to Gauteng’s fiscal sustainability and affected spending power.
“With a shrinking equitable share and slow economic growth, Gauteng provincial government departments must internalise these fiscal constraints and align spending with the 2024-2029 Medium-Term Development Plan.
“Failure to act decisively – through expenditure oversight, keeping the overall wage bill under control and exploring alternative funding models – will risk deepening the liquidity crisis, threatening service delivery, and exposing the province to significant governance and fiscal risks,” he said.
The MEC said the five-year plan would be anchored on maintaining fiscal discipline and credibility, impactful service delivery and responding to
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