Mpumalanga Finance MEC to table the 2006 provincial budget adjustment
13 September 2006
Mpumalanga Finance MEC, Mrs Mmathulare Coleman will table the 2006 Provincial Budget Adjustment Appropriation Bill to the Provincial Legislature, on the following day:
Why budget adjustment?
According to Chapter 4, Section 31 of the Public Finance Management Act(PFMA), Act 1 of 1999of 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 fir finance to authorise the use of public funds in emergency situations).
- Money to be appropriated for the expenditure already announced by the MEC of 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 if 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.
All media is welcome.
Issued by Communications, Department of Finance, Mpumalanga Provincial Government
Contact person:
Mohau Ramodibe
Tel: 013 766 4216
Cell: 082 771 9950
email:mohauramo@nel.mpu.gov.za