This budget, now called the Medium Term Revenue and Expenditure Framework (MTREF), is valid until 2014/2015.
According to Grant Easton, Knysna’s director of financial services, the budget reflects the direction in which the new government wishes to move.
This austerity budget is described by Easton as “a budget without the frilly bits”.
Deputy mayor and finance and governance portfolio councillor, Michelle Wasserman added, “Knysna is following the international trend and the 2012/13 budget will have to be an austerity budget. At the very least, there will be less money to spend on any nice-to-haves.”
Knysna executive mayor, Georlene Wolmarans explained, “National Treasury is informing councillors, municipal employees and rate and taxpayers that municipalities must concentrate their spending effort on services that are meaningful and not indulgent. In other words this should be an austerity budget aimed at the people who live in municipalities and not the municipalities themselves.”
Read the full article at the Knysna-Plett Herald.