Gauteng finance MEC tables medium term budget

0
37

The MEC of Finance and e-Government Nomantu Nkomo-Ralehoko will present Gauteng’s Medium-Term Budget Policy Statement (MTBPS) and the Adjustments Budget to a Virtual Sitting of the Legislature on Thursday, November 19.

The MTBPS will outline how the Gauteng Provincial Government will, over the next three years, work within a challenging fiscal environment to resource its priorities and expand the delivery of quality public services to citizens.

The MTBPS Review and Adjusted Estimates of Gauteng’s expenditure provide greater detail on ofiscal and borrowing plans.

The address comes after the National Medium-Term Budget Policy was delivered by Finance minister Tito Mboweni.

Mboweni charted a course that will enable South Africa to begin the difficult task of economic recovery.

Government’s central policy goals over the next three years are to position the economy for faster, broad-based economic growth, and to return the public finances to a sustainable position. 

“Achieving these objectives will require determined action,” said the minister tabling the MTBPS before Parliament on October 28.

The Gauteng MTBPS will be broadcast live across streaming sites like YouTube and on various news channels.

Budget after COVID-19 saga

Last month, in the interest of transparency and accountability in public procurement, Gauteng Provincial Treasury had published the second COVID-19 spending report.

“Of the total R2,227,508,360 spend by the Gauteng provincial department,

76.67% of the spend is for the Gauteng Department of Health as the COVID-19 procurement function was centralized in the department in April 2020 up to 30 June 2020,” the report states.

Gauteng’s COVID-19 procurement report released in October

The full document with individual reports of institutions will be made available on www.gauteng.gov.za, http://e-tenders.gauteng.gov.za/Pages/Home.aspx and National Treasury website to enable the public, oversight bodies and stakeholders to view it.

Have your say to the MEC

The people of Gauteng now have a chance to give their inputs as to what areas the provincial budget should be spent on. Comments and suggestions can be directly sent to the MEC on Twitter (@NkomoNomantu) or use the hashtag #GPMTBPS2020 on social media.

The MEC will also present the 2020/21 Adjustments Budget to cater for unforeseen and unavoidable expenditure.

Earn Free Bitcoin

Share your input on this article

This site uses Akismet to reduce spam. Learn how your comment data is processed.