The Free State government will forfeit R32 million to the National Treasury in the current financial year due to a lack of financial discipline – which is unforgivable in a province that is already under severe strain.
This information came to light during a meeting with the Free State Legislature’s Finance Committee where the current financial year’s adjustment budget was reviewed.
In terms of the Public Finance Management Act (PFMA), provincial departments forfeit any funds not spent in a financial year.
The biggest culprit is the Department of Education (R18,8 million), followed by Agriculture and Health, which will forfeit more than R7,3 million and R4,2 million respectively.
With a wage bill totalling R29 billion, comprising nearly 64% of the total provincial budget of R45,8 billion, capital projects – especially those meant to build new infrastructure – do not stand half a chance.
To date, only 41% of the infrastructure budget has been spent.
According to the Free State Treasury, the current financial year’s budget deficit of R2,06 billion will more than double to R5,20 billion in the next financial year.
The problem is not a lack of money, but a lack of proper governance.
Solank die ANC in beheer van die Vrystaatse beursie bly, sal druk op die Vrystaatse begroting toeneem en geld wat vir skole, paaie en dienste bedoel was sal verbeur word en uiteindelik in ander provinsies aangewend word.
FF+ Manifesto on Food security: Ensuring food security for all citizens.
The Belgian
A new teacher enters a classroom full of students.
The teacher stands at the front of the room and greets the students, \”Good morning, class.\”
None of the students say anything. One boy at the back of the classroom stands up, \”Good morning, teacher.\”
Puzzled, the teacher carries on. The following morning, the same thing happens. Day after day goes by, and it\’s the same routine.
One morning after greeting the class and the same student standing and greeting, the teacher has had enough, \”Why is it, that every time I walk in and greet the entire room, only you stand up and greet me?\”
In the most broken English, the boy replies, \”Because I are the only one here, what\’s name are Klass\”
Napoleonic Haze
Laduma! – he scores! [laa-doo-maa] This term is usually screamed out when a soccer team scores a goal. Extend any of the syllables for full effect.Example: “Laaaaaaduuuuumaaaa!”