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Treasury says municipal councils are adopting unfunded budgets [SOUND]

# Local government budget analysis specialist Jan Hattingh says many municipalities adopt budgets that are not adequately funded, placing further strain on already fragile finances. He spoke at a news conference this morning after National Treasury announced yesterday it was withholding funds from 69 municipalities in breach of the Municipal Finance Management Act. Hatting urged councils to adopt realistic, funded budgets aligning with available revenue and expenditure projections to improve financial sustainability:

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