KZN budget looks healthy

2012-11-30 00:00

KWAZULU-NATAL’S finances remain in good health, despite overspending by departments to the tune of R311 million in the 2011/12 financial year.

Fortunately for KZN, the province over-collected by R783 million on its own revenue in 2011/12.

In tabling the 2012/13 adjustments estimate budget speech in the legislature yesterday, Finance MEC Ina Cronje revealed that the provincial budget for 2012/13 now amounts to R86 billion compared to R83,5 billion announced in March.

Treasury head of department Simiso Magagula said the bulk of the overspending in 2011/12 related to the compensation of employees in the departments of Education and Health.

The DA said in a statement yesterday that the cost of employee compensation had a negative impact on infrastructure delivery in KZN.

Magagula said the financial implications of recent improvements in the conditions of service of employees were underestimated. Major departments like Education and Health struggled to cope with the increased financial burden.

Cronje stressed that the KZN Treasury would take strong measures to curb fraud and corruption, and eliminate wastage.

Sports, arts and others get extra funding for projects

THE adjustments estimate revealed extra funding for a number of projects and events over the next few months, including sports and arts events.

- R205 million: Upgrading and rehabilitation of various roads;

- R28,1 million in 2012/13 and R19 million in 2013/14 for the fight against rhino poaching in KwaZulu-Natal;

- R15 million: KZN’s contribution toward the hosting of 2013 African Cup of Nations tournament early next year;

- R5,4 million: The Annual Reed Dance, Ugu Jazz Festival and the Africa Day celebrations;

- R20 million: Combating rabies;

- R50 million: The development of Makhathini (northern KZN);

- R25 million: Construction of livestock watering dams in rural areas;

- R8 million: Light Industrial Development Park at Bhongweni, Kokstad; and

- R2 million: Shayamoya eco-complex, cultural complex and community park in Kokstad.

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