Gauteng finance MEC Barbara Creecy on Tuesday announced cost cuts to non-core areas in a bid to save money and "ensure value for money".
"Firstly, reprioritisation remains crucial in directing resources to the radical transformation, modernisation and re-industrialisation (TMR) programme of the Gauteng city region," Creecy said in her budget speech prepared for delivery.
To date, R7.3 billion had been re-directed to these city region priorities.
In a bid to save money Creecy announced a 21 percent cost reduction on venues and facilities, 1.5 percent on travel and subsistence, seven percent on communication, nine percent on catering, 0.5 percent on advertising, and 25 percent on administration fees.
She said another tool for ensuring value for money was a well-performing supply chain management function.
In the 2015/16 budget a revenue generation strategy would be introduced.
"Over the 2015 MTEF [medium-term expenditure framework], we expect own revenue to increase by an annual average of 10 percent.
"I am happy to announce today that we expect to exceed our 2014/15 revenue target by R400 million, a welcome boost in these tough times," Creecy said.
She tabled a R95.3bn budget for the provincial government on Tuesday.
National transfers in the form of the provincial equitable share and conditional grants amounted to R73.5bn and R17.1bn respectively.
Provincial own revenue amounted to R4.5bn, or five percent of the budget.
Creecy announced that R3.1bn had been allocated for infrastructure funding in the central development corridor -- which focused on the financial sector, ICT, and pharmaceutical industries.
A total of R2bn would be spent in the eastern corridor on manufacturing, logistics, and transport industries.
Another R2bn would be allocated to the northern development corridor, which was anchored around the capital city, the automotive sector, and the knowledge-based economy.
The western development corridor would get R1.4bn to focus on new blue and green economic initiatives, tourism, agro-processing, and logistics.
The southern corridor, anchored around river tourism and agro-processing, would get just over R1.5bn, said Creecy.
The provincial and local spheres of government combined would spend just over R100bn on physical assets and capital transfers in the city region.
The province had allocated R38.2bn for infrastructure over the 2015 medium-term.
Creecy said the Gauteng legislature was increasing its committees and public participation and therefore an additional R45m was added to its baseline, increasing the budget from R537m in 2014/15 to R673.7m in 2017/18.
The province's health budget was increased by R496m for, among other things, medical supplies and medicine. The department was allocated R34bn this year.
The budget for social development jumped from R2.14bn in 2011/12 to R4bn in 2015/16, she said.
The provincial education department continued to receive the largest share of the provincial budget and was allocated R36bn.
The community safety department received R189.6m.
Creecy in a bid to 'ensure value for money'
Gauteng finance MEC Barbara Creecy on Tuesday announced cost cuts to non-core areas in a bid to save money and "ensure value for money".
"Firstly, reprioritisation remains crucial in directing resources to the radical transformation, modernisation and re-industrialisation (TMR) programme of the Gauteng city region," Creecy said in her budget speech prepared for delivery.
To date, R7.3 billion had been re-directed to these city region priorities.
In a bid to save money Creecy announced a 21 percent cost reduction on venues and facilities, 1.5 percent on travel and subsistence, seven percent on communication, nine percent on catering, 0.5 percent on advertising, and 25 percent on administration fees.
She said another tool for ensuring value for money was a well-performing supply chain management function.
In the 2015/16 budget a revenue generation strategy would be introduced.
"Over the 2015 MTEF [medium-term expenditure framework], we expect own revenue to increase by an annual average of 10 percent.
"I am happy to announce today that we expect to exceed our 2014/15 revenue target by R400 million, a welcome boost in these tough times," Creecy said.
She tabled a R95.3bn budget for the provincial government on Tuesday.
National transfers in the form of the provincial equitable share and conditional grants amounted to R73.5bn and R17.1bn respectively.
Provincial own revenue amounted to R4.5bn, or five percent of the budget.
Creecy announced that R3.1bn had been allocated for infrastructure funding in the central development corridor -- which focused on the financial sector, ICT, and pharmaceutical industries.
A total of R2bn would be spent in the eastern corridor on manufacturing, logistics, and transport industries.
Another R2bn would be allocated to the northern development corridor, which was anchored around the capital city, the automotive sector, and the knowledge-based economy.
The western development corridor would get R1.4bn to focus on new blue and green economic initiatives, tourism, agro-processing, and logistics.
The southern corridor, anchored around river tourism and agro-processing, would get just over R1.5bn, said Creecy.
The provincial and local spheres of government combined would spend just over R100bn on physical assets and capital transfers in the city region.
The province had allocated R38.2bn for infrastructure over the 2015 medium-term.
Creecy said the Gauteng legislature was increasing its committees and public participation and therefore an additional R45m was added to its baseline, increasing the budget from R537m in 2014/15 to R673.7m in 2017/18.
The province's health budget was increased by R496m for, among other things, medical supplies and medicine. The department was allocated R34bn this year.
The budget for social development jumped from R2.14bn in 2011/12 to R4bn in 2015/16, she said.
The provincial education department continued to receive the largest share of the provincial budget and was allocated R36bn.
The community safety department received R189.6m.
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