Mpumalanga Finance MEC to table the 2005 Provincial budget adjustment

28 November 2005

Mpumalanga Finance MEC, Mrs Mmathulare Coleman will table the 2005 Provincial Budget Adjustment Appropriation Bill to the Provincial Legislature, on the following day:

Date : Tuesday, 29 November 2005
Time : 14h15
Venue : Mpumalanga Legislature Chamber, Building Number 1, Nelspruit

Why budget adjustment?

According to Chapter 4, Section 31 of the Public Finance Management Act (PFMA), Act 1 of 1999 (as amended by Act 29 of 1999), “the MEC for Finance in a province may table an adjustments budget in the provincial legislature…” to 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 of Finance;
  • Any expenditure in terms of section 25;

(Section 25 of the PFMA allows the MEC for Finance to authorise the use of public 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 the 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 roll-over of unspent funds from the preceding financial year.

Following the tabling of the Budget Adjustment Appropriation Bill, the MEC will officially launch the website of the Department:
Date : Tuesday, 29 November 2005
Time : 15h30
Venue : Makulu Manzi Nelspruit Botanical Gardens

ALL MEDIA IS INVITED TO ATTEND.

Issued by Communications, Department of Finance, Mpumalanga Provincial Government

Contact persons:

Mohau Ramodibe
Tel: 013 766 4216
Cell: 082 771 9950
email:mohauramo@nel.mpu.gov.za