Financial planning in metropolitan municipalities—lessons for South Africa from selected countries |
| |
| Authors: | Heinz Eckart Klingelhöfer Lourens J. Erasmus Solomon Kungaera Mayo |
| |
| Affiliation: | 1. Department of Managerial Accounting and Finance, Tshwane University of Technology, Pretoria, Gauteng, South Africa;2. Department of Public Sector Finance, Tshwane University of Technology, Pretoria, Gauteng, South Africa;3. City of Tshwane Metropolitan Municipality, Pretoria, Gauteng, South Africa |
| |
| Abstract: | In South Africa, municipalities are central to government's service delivery efforts to its communities. Because of inadequate revenue collection processes or impoverished communities that are unable to supply necessary operational revenues, both national and provincial government need to transfer funds to the local government to achieve delivery of priority services and economic development infrastructure. This study investigates, through a desktop study, the best financial planning practices for municipalities to implement in order to be financially viable, by reviewing and comparing the legislative and legal frameworks relating to financial planning and the financial planning practices in Australia and New Zealand, whose legislation served as an example for the drafting of current South African legislation. Copyright © 2014 John Wiley & Sons, Ltd. |
| |
| Keywords: | |
|
|
