Office of the Premier 2025/06/04 - 22:00
Finance MEC Lebogang Maile has re-tabled a budget for the 2025/2026 financial year budget due to significant changes in the national fiscal framework and economic conditions.
"This re-tabling aims to align with Premier Lesufi's G13 priorities for improved service delivery and economic development.
The re-tabled budget for 2025/2026 amounts to R172.3 billion, reflecting an increase of R886.6 million from the previous budget. Allocations are strategically directed towards addressing the province's pressing needs," said the MEC.
The re-tabled budget includes the Appropriation Bill, Explanatory Memorandum, and various estimates related to revenue and expenditure.
To address economic challenges, Maile said the province aims to attract R800 billion in investment over the next three to five years, with R312.5 billion already secured from the Gauteng Investment Conference.
"The provincial budget is prepared under tight fiscal conditions, emphasizing sustainable financial management and service delivery. Key principles guide the budget allocations to ensure efficiency and effectiveness in addressing the province's challenges."
Maile stated that the budget aims to reduce the provincial deficit and ensure long-term fiscal sustainability.
The Office of the Premier receives an additional R50 million for skills development initiatives.
The Gauteng Department of Economic Development has allocated R100 million to support small and medium-sized enterprises (SMMEs).
The Gauteng Department of Health's budget is R67.1 billion, with a focus on enhancing public health services.
The Gauteng Department of Education receives R68 billion to enhance access to quality education.
To improve revenue collection and financial management, he said the Gauteng Treasury will intensify efforts to enhance revenue collection and financial management practices. This includes addressing inefficiencies and ensuring compliance with fiscal regulations.
The province collected R8.4 billion in revenue from various sources in the previous financial year.
The Treasury is working to identify revenue leakages and enhance debt collection processes.
A new Invoice Management System has been implemented to streamline invoice processing and ensure timely payments to suppliers.
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