Mpumalanga Finance MEC to table the 2009/10 Provincial Adjustment
Budget
11 November 2009
Mpumalanga Finance MEC, Mrs Yvonne Phosa, will table the 2009
Provincial Adjustment Budget Appropriation Bill to the Provincial Legislature as
scheduled underneath.
The tabling of the Adjustment Budget is an annual event, which follows
the Mid-Term review to access the performance of the Provincial Government in
relation to service delivery against expenditure.
It is a requirement according to Section 31 of the Public Finance
Management Act (PFMA) 1 of 1999(as amended by Act 29 of 1999)
In March 2008, the MEC for Finance tabled the Provincial Budget
amounting to R19 billion, to be used for the requirements of the Provincial
Government.
It is against this backdrop, that it is necessary to review expenditure
against the voted amount of R19 billion, to access whether there is a need to
increase or decrease the budget already allocated to Departments. Departments
will only receive additional funding, if they can prove that they will spend
their budget, including the possible increment (adjusted budget).
Why adjustment budget?
The PFMA states that the MEC for Finance in a province may table an
adjustment budget in the provincial legislature to only provide for:
- The appropriation of funds that have became available to the
province.
- Unforeseeable and unavoidable expenditure recommended by the
Provincial Executive Council of the province within a framework determined
by the Minister.
- Any expenditure in terms of section 25 (use of funds in emergency
situations).
- Money to be appropriated for expenditure already announced by the
MEC for Finance during the tabling of the annual budget.
- The shifting of funds between and within votes or to follow
transfer of functions in terms of section 42 (shifting of funds between main
divisions within votes).
- The utilisation of savings under a main division within a vote for
the defrayment of excess expenditure under another main division within the
same vote in terms of section 43.
- The roll-over of unspent funds from the preceding financial year.
Details of the tabling
Date: Tuesday, 17 November 2009
Venue: Mpumalanga Legislature Chamber, Nelspruit
Time: 14h15
All media is invited to attend
Enquiries:
Nontsikelelo Gabela
Tel: 013 766 4268
Email:
GGabela@mpg.gov.za
Issued by: Department of Finance
