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 are as follows:
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
Cell: 073 473 1538
Issued by: Department of Finance, Mpumalanga Provincial Government
11 November 2009
