Voting for Joburg: Episode 12: "A budget built on fiscal fiction"
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Johannesburg is budgeting for money it may never receive — and residents are paying the price.
That's the warning from the Centre for Development and Enterprise, which says the city's finances are built on unrealistic assumptions about how much money it can collect from households, businesses and government departments.
And with municipal elections just a few days away , experts are questioning whether the next administration will have the financial discipline — and political will — to break the cycle.
HOT1027’s Tara Penny takes a look…
That's the warning from the Centre for Development and Enterprise, which says the city's finances are built on unrealistic assumptions about how much money it can collect from households, businesses and government departments.
And with municipal elections just a few days away , experts are questioning whether the next administration will have the financial discipline — and political will — to break the cycle.
HOT1027’s Tara Penny takes a look…
