In a recent statement, a government official emphasized the need for provincial departments and entities to think outside the box when it comes to funding. With revenue streams becoming increasingly limited, exploring alternative sources of funding is essential for financial sustainability.
The official outlined the three main revenue streams that the annual budget relies on – equitable share from the national government, conditional grants for specific projects, and revenue generated by the province. Despite financial constraints, there are no plans to take out a loan.
Additionally, the official addressed concerns about e-toll payments, stating that those who paid in the past will not be refunded as the payments were made lawfully. He emphasized that the service was used and payments were not collected illegally.
It is clear that financial management and sustainability are key priorities for the government, with a focus on allocating resources effectively and ensuring transparency in financial transactions.
Source: TimesLIVE