The Gauteng Provincial Government has generated a total of R2.9 billion from provincial revenue sources including interest earned from investments, motor vehicle licenses, gambling and betting taxes and hospital patient fees in the year to December 2012.
This is according to the Gauteng Provincial Treasury’s Revenue, Expenditure and Cash Flow Report for the Third Quarter of the 2012/13 financial year. The revenue generated represents approximately 76% of the total adjusted appropriation of R3.8 billion.
GPG departments including Gauteng Department of Finance, Gauteng Provincial Treasury, Office of the Premier, Gauteng Department of Roads and Transport and the Gauteng Department of Local Government and Housing Provincial Departments have surpassed their projected revenue collection rate of 75% for the quarter ended in December.
The provincial government’s strategy in this regard is aimed at ensuring that GPG departments optimise revenue collection. Therefore the Gauteng Provincial Treasury is at present implementing various initiatives in order to achieve this objective.
“The improvement in the collection rate of GPG is due to innovations we have made in line with our revenue enhancement strategy. This is particularly the case when you look in the area of transport where we have made it easier for our people to pay their motor vehicle licenses through the South African Post Office,” Finance MEC Mandla Nkomfe said.
GPG must collect R850 million in the remaining months of the financial year to reach the annual revenue target of R3.8 billion.
“We therefore need to collect at least R283.4 million every month for the remainder of financial year. Our view is that it is possible to generate this amount of money because the current monthly actual average collection is sitting at R323 million. I therefore urge the Gauteng Provincial Treasury to work closely with departments to ensure that we meet and possibly surpass the goals we have set ourselves in this regard,” Nkomfe added.
Note to editors: The information is published in terms of the Public Finance Management Act, (PFMA), 1999 and the Division of Revenue Act.
The report details the following:
- Cash Flow Position, Ring-fenced Funds;
- Summary of funds requested against Budget and Balance of Voted Funds;
- Consolidated Bank Balances, Summary of revenue collected by GPG;
- Summary of Q3 Expenditure and
- Expenditure analysis per Department as at 31 December 2012.
Contact:
John Sukazi, MEC Spokesperson
Tel: 011 355 2161
Cell: 083 772 4885
E-mail: john.sukazi@gauteng.gov.za
