Mid-Term Budget Speech (Gauteng Department of Finance)
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Jacob Mmamabolo - MEC for Department of Finance.
MEC Jacob Mamabolo adds R2.4 billion to fund Gauteng’s priorities
Finance MEC Jacob Mamabolo today increased Gauteng’s budget for this financial year by R2.4 billion, saying the money will be used to improve the lives of people in townships, informal settlements and hostels, fighting crime and supporting economic growth initiatives.
The MEC was presenting the 2022 Medium Term Budget Policy Statement and the Adjustments Budget to the Gauteng Provincial Legislature today.
He said the total annual budget of the provincial government increased from R152.9 billion presented in March this year to R155.3 billion.
“The Adjustments Budget is about making permissible amendments, which includes unforeseeable and unavoidable expenditure in the budget of the current financial year. Put differently, the budget adjustment gives us an opportunity to already be planting the seed for the medium- and long-term funding of the Five Elevated Priorities,” MEC Mamabolo said.
To intensify the fight against crime, corruption, vandalism and lawlessness, MEC Mamabolo allocated a total of R173 million to Department of Community Safety. These funds will be used to recruit and train peace wardens, tools of trade, procurement of 10 drones, 50 vehicles and 500 000 panic buttons
MEC Jacob Mamabolo adds R2.4 billion to fund Gauteng’s priorities
Finance MEC Jacob Mamabolo today increased Gauteng’s budget for this financial year by R2.4 billion, saying the money will be used to improve the lives of people in townships, informal settlements and hostels, fighting crime and supporting economic growth initiatives.
The MEC was presenting the 2022 Medium Term Budget Policy Statement and the Adjustments Budget to the Gauteng Provincial Legislature today.
He said the total annual budget of the provincial government increased from R152.9 billion presented in March this year to R155.3 billion.
“The Adjustments Budget is about making permissible amendments, which includes unforeseeable and unavoidable expenditure in the budget of the current financial year. Put differently, the budget adjustment gives us an opportunity to already be planting the seed for the medium- and long-term funding of the Five Elevated Priorities,” MEC Mamabolo said.
To intensify the fight against crime, corruption, vandalism and lawlessness, MEC Mamabolo allocated a total of R173 million to Department of Community Safety. These funds will be used to recruit and train peace wardens, tools of trade, procurement of 10 drones, 50 vehicles and 500 000 panic buttons
