Adjustment appropriations made along with mini budget

Cape Town - The salary adjustments of R1.2bn for national departments and R3.8bn for provinces are the main revisions to the expenditure estimates for the current financial year.

The adjustment appropriation was presented, together with the mini budget, to parliament by Finance Minister Nhlanhla Nene on Wednesday.

Other significant adjustments are as follows:

- R720m for the Department of International Relations and Cooperation to compensate for the depreciation of the rand;

- R1.2bn in spending financed out of monies paid into the National Revenue Fund from departmental activities;

- R1.6bn in rollovers from unspent balances in 2014/15, including delayed payments to municipalities which had unresolved utility arrears;

- R1.1bn in additional transfers of skills levy revenue to sector education and training authorities and the National Skills Fund.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
15.65
-1.1%
Rand - Pound
20.94
-1.1%
Rand - Euro
17.45
-1.2%
Rand - Aus dollar
10.93
-0.4%
Rand - Yen
0.14
-1.2%
Gold
1,785.67
-0.7%
Silver
22.30
-2.1%
Palladium
2,379.50
+0.2%
Platinum
1,006.00
-2.0%
Brent Crude
89.34
-0.7%
Top 40
67,021
-0.1%
All Share
73,455
-0.1%
Resource 10
74,081
-1.4%
Industrial 25
90,993
+0.6%
Financial 15
15,218
+1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot