KZN to overspend R504?mln

2013-11-14 00:00

THE KwaZulu-Natal government is projecting to overspend its budget by R504,682 million in the current financial year.

This has been decreased from the R1,431 billion in over-expenditure initially projected. It comes after the National Treasury made new allocations to the province and approved the roll-over of funds from the previous financial year.

This was revealed in a report tabled before the finance portfolio committee on Tuesday.

The report said the Provincial Treasury has been notified of the approval of the roll-over of the following grant funding:

• R93,5 million for the national school nutrition programme;

• R3,8 million for the recapitalisation of technical secondary schools; and

• R28 million for the devolution of the property rates fund.

The report also said the National Treasury had allocated to KZN the following:

• R119,9 million for salary costs;

• R296,6 million to regrade the salary levels of clerical workers;

• the Health Department would receive R110 million to alleviate its budget constraints on infrastructure projects;

• the Education Department would receive R200 million to pay outstanding monies due to its employees; and

• an additional R49,4 million for disasters experienced in 2011/12, among others.

The report said belt-tightening measures introduced by the KZN Treasury would remain in force.

“The cost-cutting measures that were first introduced in 2009/10 have been re-issued to the departments in a circular, advising them that these measures remain in place for the foreseeable future,” the report said.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.