The National Treasury has recently released its comprehensive local government revenue and expenditure report for the third quarter of the 2022/23 financial year. This analysis provides an overview of the performance of local governments against adjusted budgets, including conditional grant allocations, up to 31 March 2023.
The Lesotho Highlands Water Project (LHWP) is an ambitious infrastructure project that aims to address the water needs of South Africa’s most populous province, Gauteng, by tapping into the water resources of neighboring Lesotho. ## Phase II: Construction and Progress
The Minister of Finance Enoch Gondongwana presented the National Treasury of South Africa’s Budget Vote for the 2023/24 financial year, highlighting the government’s efforts to foster higher and more inclusive economic growth, address fiscal vulnerability, and stabilize public finances. The total allocated budget for the National Treasury amounts to R34.9 billion, with 85% allocated to transfers and subsidies.
