Only 8% of its revenues come from grants. The picture for the Gauteng province where Johannesburg is located is radically different: the largest share of revenues (70%) comes from the general grant (called equitable share), 24% from conditional grants and only 5% from provincial revenue sources. However, since the provinces cannot raise taxes, their budgets consist mostly of annual allocations from the National Treasury. At the municipal level, the share of targeted grants from the national and provincial government is about 20-25%; the rest is mostly revenues from local taxes and service charges. Targeted, “conditional” project-related grants constitute almost half of financial support from the national budget, but there appears to be great volatility and uncertainty in their size.