By REGINALD KANYANE
21 November 2024- North West MEC for Finance, Kenetswe Mosenogi will exercise legislative imperative and table the annual provincial adjustment budget for the 2024/25 financial year as stipulated by Section 31 (1) of the Public Finance Management Act 1 of 1999.
Mosenogi said the tabling of the Adjustment Budget, follows the recent tabling of the Medium Term Budget and Policy Statement (MTBPS) by Minister of Finance, Enoch Godongwana. She further said Section 31 (2) of PFMA stipulates that an adjustment budget of a province may only provide for the appropriation of funds that 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.
“This includes any expenditure in terms of Section 25. Money to be appropriated for expenditure already announced during my tabling of the annual budget. The shifting of funds between and within votes or to follow transfer of functions in terms of Section 42.
“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 and the rollover of unspent funds from the preceding financial year,” said Moenogi.
She added that the adjustment budget aims to address budget pressures in key service delivery departments by redirecting funds to areas, where they are mostly needed. Mosenogi said the adjustment budget will be tabled at the North West Provincial Legislature on Tuesday at 9am.
Members of the media are invited and encouraged to attend. Media practitioners are reminded to carry their Identity Documents as they are pre-requisite to gain access to legislature chambers.
The Guardian 