KZN projects R7.2bn reduction in over-expenditure, says finance MEC
KwaZulu-Natal’s finance member Francois Rodgers reported that tighter spending controls have cut the province’s projected overspend from about 9.7 billion rand to roughly 2.5 billion rand. The reduction represents a drop of approximately 7.2 billion rand. Despite the savings, departments still feel pressure from rising payroll costs. Accruals continue to strain budgets. Ongoing infrastructure commitments also limit fiscal flexibility. Rodgers said the new figures will be reflected in upcoming budget reports.
KwaZulu-Natal Finance MEC Francois Rodgers says tighter spending controls have reduced projected provincial over-expenditure from R9.7 billion to R2.5 billion, while departments continue to face pressure from employee costs, accruals and infrastructure commitments.