Treasury requires payment plans before releasing municipal funds [SOUND]

# National Treasury says municipalities must first agree on sustainable payment plans with creditors before withheld funds can be released. It was announced yesterday that the funding to 69 municipalities will be temporarily withheld as they were in breach of the Municipal Finance Management Act. Treasury’s Ogalaletseng Gaarekwe told a media briefing this morning the arrangements will help municipalities meet their financial obligations while maintaining basic service delivery and improving financial management: