Irregular and Wasteful Expenditure as Socio-Economic Challenges for Local Municipalities: RegTech and SupTech as Digital Mechanisms of Compliance and Oversight
Irregular and wasteful municipal expenditure is a major socio-economic challenge because procurement non-compliance, weak expenditure discipline, and fragmented oversight erode public trust, limit service delivery, and destabilize municipalities. Although RegTech and SupTech are well studied in banking and private-sect...