Kgatleng council in P15m deficit

Addressing councillors during the Full Council meeting on Monday, he noted that the deficit is likely to increase before the end of the fiscal year in March 2024 and that the council’s financial situation is a cause for concern. “As of March 4, 2024, our recurrent budget balance stands at P2,323,689.39,” the council chairperson said.

Molokwe said it is evident that their persistent challenges lie in the council's inability to raise sufficient revenue. He pointed out that in these fiscally constrained times, they must optimise resources and maintain vital services through cost-saving innovations. He advised that the council should remain steadfast in their commitment to achieving intended goals for the community they serve. Furthermore, Molokwe said in his last deliberation he stated the importance of increasing their revenue source and also empowering their investment arm, the Kgatleng District Fund.