The MEC for Finance, Paul Sebegoe, will in accordance with Section 31 (1) of the Public Finance Management Act (PFMA), Act no 1 of 1999 as amended table an adjustment budget in the provincial legislature.
An adjustment budget of a province provides amongst others for the appropriation of funds which have become available to the province; and shifting of funds between and within votes.
Section 31(2) further stipulates that an adjustment budget may contain the following:-
The appropriation of funds that may have become 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;
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 the transfer of functions in
terms of Section 42;
The utilization of savings under a main division within a vote for the defrayment of
excess expenditure under another division within the same vote in terms of Section
43;
The roll-over of unspent funds from the preceding financial year; and virements
approved by the Accounting Officers and Treasury.
The adjustment budget will be tabled on:
