15 November 2022
Media Alert
North West MEC for Finance to table the 2022/23 Provincial Adjustment Budget
Following the recent tabling of the Medium Term Budget and Policy Statement (MTBPS) by Minister of Finance, Mr Enoch Godongwana, North West MEC for Finance, Ms. Motlalepula Rosho will also exercise her legislative imperative and table the Provincial Adjustment Budget for the 2022/23 Financial Year as stipulated by Section 31 (1) of the Public Finance Management Act 1 of 1999,
Section 31 (2) 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
- Any expenditure in terms of section 25
- Money to be appropriated for expenditure already announce by the MEC for Finance during the 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 roll-over of unspent funds from the preceding financial year
“This Adjustment Budget comes after we have had a series of engagements with different departments and their entities, in order to assess spending patterns according to the plans that were submitted to the legislature, which will help us plan better and move funds according to identified immediate service delivery needs.” says MEC Rosho.
The budget will be tabled on:
Date : Tuesday, 22 November 2022
Time : 09:00am
Venue : North West Provincial Legislature
The budget will be broadcast live on community radio stations across the province. Alternatively, budget documents will be made available on the Provincial Treasury website (www.treasury.nwpg.gov.za) during delivery of speech.
There will be a Press Conference after the tabling of the Adjustment Budget at a venue that will be communicated in due course. Members of the media are encouraged to confirm attendance to the tabling and the press conference by sending in their details to vmooki@nwpg.gov.za cc kemokaila@nwpg.gov.za and KPatel@nwpg.gov.za
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Issued by North West Provincial Treasury
For more information contact / 018-3881363/3584/4048/3239