Kgatleng council in financial distress
Monday, March 27, 2023 | 40 Views |
Molokwe
He revealed that the financial expenditures of the council as of February 28, 2023, stood at P165.2 million against its budget of P156.8 million, which reflects an over-expenditure of P26.7 million as it includes other expenditures not listed here.
“This demonstrates that the council’s financial position was inadequate to cover the overall running of the council. This simply indicates that the council is in the red and the matter is worsened by poor performance of own source revenue collection initiatives,” Molokwe said.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...