# The EFF has warned National Treasury against pursuing what it calls a path that seeks to collapse the state and reduce it to a mere spectator. The party has condemned the Treasury’s decision to temporarily withhold 13.5-billion-rand in local government equitable share transfers from 69 non-compliant municipalities. The EFF says to resolve the fiscal crisis, it proposes the revision of the equitable share formula to boost the municipal allocation to over 15-percent of nationally raised revenue, up from the current nine-percent. It says constructive steps are needed to stabilise local government finances.
EFF proposes a revision of the equitable share formula for municipalities