MEC Sebego to adjust 2013/2014 Budget


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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:

 

 

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