Weak economic performance, climate change reasons for KZN budget cuts
Finance MEC announces cost-cutting measures during KZN budget speech
The KZN government is tightening its purse strings, with budget cuts and various cost-cutting measures amid tough economic times.
Delivering the 2024 Provincial Budget last week, Finance MEC Peggy Nkonyeni said the reduction in spending is necessitated by a weak economic performance and several challenges within the province.
“The economic challenges in KZN are further exacerbated by climate change, which has caused frequent disastrous floods that continue to cause damage to economic and social infrastructure as well as leading to loss of lives,” she said.
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