Honourable Speaker, it’s my pleasure to table Provincial Treasury’s 2013/14 budget. The Department has been allocated a budget amounting to R195.6 million for the year under review. Over the next three years, the budget allocated to the department will decrease from R195.6 million to R175.1 million in 2014/15 and R182 million in 2015/16 financial year. The total allocation over the MTEF amounts to R552.8 million.
The above figures reflect a decrease of 10 per cent in 2014/15 and increase of 4 per cent in 2015/16. These allocations already include the reduction on the departmental baseline amounting to R10.2 million over the MTEF due the reprioritization of government spending towards investment programmes such as job creation and infrastructure development.
Furthermore, the significant decrease from the 2013/14 to 2014/15 is as a result of the once off funding allocated for the implementation of biometric system aided projects.
The 2013/14 budget has been allocated as follows per economic classification:
- Compensation of employees is allocated R117.9 million which constitutes 60 per cent of our total allocation. The high personnel percentage is due to the fact that Provincial Treasury is personnel driven thus the percentage is appropriate. This also includes additional funding allocated to building capacity within the internal audit programme. The internal audit unit programme’s staff complement will increase from twenty six officials to thirty seven officials in the current financial year.
- The good and services for the entire department is allocated R74.9 million;
- Transfers and subsidies received an allocation of R301 thousand; and
- A payment for capital assets is allocated R2.3 million.
Furthermore, the allocations per programme are as follows:
Programme1: Administration received an allocation of R67.8 million, of which compensation of employees is allocated R38.8 million; goods and services R27.9 million, transfers and subsidies R301 thousand and payments for capital assets R692 000.
Programme 2: Sustainable Resource Management received an allocation of R35.4 million, of which compensation of employees received an allocation of R26.2 million; goods and services R8.9 million and payments for capital assets R315 000.
Programme 3: Asset and Liabilities received an allocation of R51 987 million, of which compensation of employees is allocated R24.2 million; goods and services R27 million and payments for capital assets R630 thousand.
Programme 4: Financial Governance received an allocation of R19.4 million, of which compensation of employees is allocated R14.9 million; goods and services R4 million and payments for capital assets R282 thousand; and
Programme 5: Internal Audit is allocated R20.9 million, of which compensation of employees is allocated R13.6 million; goods and services R6.8 million and capital payments R407 thousand.