2017/18 Preliminary Financial Close-out Analysis

Summary of the 2017/18 preliminary financial close-out and analysis presenting provincial revenue, expenditure outcomes, and under-expenditure. It includes details on revenue collected by department, expenditure analysis by vote, and the overall under-spending of R704.594m, equivalent to 0.6% of the total budget.

• - Financial Analysis - Provincial Revenue - Expenditure Management - Fiscal Year - Budget Close-out

riopelle_n Follow

Uploaded on Sep 30, 2024 | 0 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

Presentation Transcript

1. Treasury Guideline Workshop 2017/18 Preliminary Close-out and Introduction of the Team 7 June 2018

2. Presentation outline 2017/18 Preliminary Close-out Provincial Own Revenue Expenditure Outcome Conditional grants Expenditure trend over past 7 years Possible risks Introduction of the Team 2

3. 2017/18 Preliminary Close-out 3

4. Provincial Own Revenue Summary of provincial own receipts by Vote - 2017/18 Preliminary Actual (1) Final Over/ (Under) (3) = (2) - (1) % collected R thousand Appropriation (2) (4) = (1) / (2) 1. Office of the Premier 2. Provincial Legislature 3. Agriculture and Rural Development 4. Economic Development, Tourism and Enviro. Affairs 5. Education 6. Provincial Treasury 7. Health 8. Human Settlements 9. Community Safety and Liaison 10. Sport and Recreation 11. Co-operative Governance and Traditional Affairs 12. Transport 13. Social Development 14. Public Works 15. Arts and Culture 611 782 3 338 21 332 27 185 98 849 339 810 297 510 62 508 587 336 24 446 2 525 (3 144) (4 920) 6 457 122 165 37 002 58 009 102 799 (2 290) 42 579 4 026 (5 122) 984 104.2 410.6 87.2 84.7 107.0 156.1 114.2 1 389.4 201.0 293.5 48.2 102.4 148.9 63.4 207.3 813 24 476 32 105 92 392 217 645 260 508 4 499 203 1 212 2 128 101 413 4 418 1 833 340 12 260 8 888 1 901 1 790 761 8 234 14 010 917 Total 3 322 246 3 038 628 283 618 109.3 4

5. Expenditure Outcome Summary of Provincial expenditure analysis by Vote - 2017/18 Virement Post Adj. Est. (3) Preliminary Actual (1) 48 322 338 39 902 070 4 066 734 1 537 373 9 824 202 2 917 227 1 535 510 Adjusted Appropriation (2) 2 197 144 2 796 453 48 240 089 39 930 478 4 066 734 1 586 726 10 074 270 2 986 364 1 542 817 Final Under/ (Over) (5) = (4) - (1) % spent R thousand Appropriation (4) = (2) + (3) 2 197 144 2 796 453 48 240 089 39 930 478 4 066 734 1 586 726 10 074 270 2 986 364 1 542 817 (1) / (2) 1. Office of the Premier 2. Provincial Legislature 3. Agriculture and Rural Development 4. Economic Development, Tourism and Enviro. Affairs 5. Education 6. Provincial Treasury 7. Health 8. Human Settlements 9. Community Safety and Liaison 10. Sport and Recreation 11. Co-operative Gov. and Traditional Affairs 12. Transport 13. Social Development 14. Public Works 15. Arts and Culture 752 005 596 214 2 033 046 2 697 659 763 471 617 808 - - - - - - - - - - - - - - - 763 471 617 808 11 466 21 594 164 098 98 794 (82 249) 41 847 28 408 98.5 96.5 92.5 96.5 100.2 93.4 99.9 100.0 100.5 94.2 96.9 97.5 97.7 99.5 97.7 589 522 631 369 631 369 - 205 600 437 091 204 486 463 953 204 486 463 953 (1 114) 26 862 49 353 250 068 69 137 7 307 19 023 819 791 838 814 838 814 Total 116 236 382 116 940 976 - 116 940 976 704 594 99.4 5

6. Expenditure Outcome As at the end of 2017/18, the aggregated expenditure for the year amounts to R116.236bn compared to the Final Appropriation of R116.941bn, resulting in under-expenditure of R704.594m at year- end or 0.6% under-spent This is the 7th consecutive year where KZN s expenditure has deviated from the budget by less than 1% Only 2 departments over-spent, 1 spent exactly in line with their budget and the other 12 under-spent These are preliminary numbers. Unaudited and Audited numbers will follow March spike for some departments still a concern Spending of Specifically and Exclusively allocated funds on other spending pressures remains a concern 6

7. Conditional Grants Summary of conditional grants by Vote - 2017/18 Virement Post Adj. Est. Preliminary Actual (1) Final Under/ (Over) (3) = (2) - (1) % spent Adjusted Appropriation R thousand Appropriation (4) = (2) + (3) 4 030 177 2 333 142 1 566 894 8 085 829 4 852 495 1 149 355 1 696 266 (2) (3) (1) / (2) Agriculture and Rural Development Comprehensive Agricultural Support Programme Ilima/Letsema Projects grant Land Care Programme grant EPWP Integrated Grant for Provinces Economic Development, Tourism and Environmental Affairs EPWP Integrated Grant for Provinces Education Education Infrastructure grant HIV and AIDS (Life-Skills Education) grant Maths, Science and Technology grant National School Nutrition Programme grant Learners with Profound Intellectual Disabilities Grant EPWP Integrated Grant for Provinces Social Sector EPWP Incentive Grant for Provinces Health Comprehensive HIV, AIDS and TB grant Health Facility Revitalisation grant Health Professions Training and Development grant National Health Insurance grant National Tertiary Services grant EPWP Integrated Grant for Provinces Social Sector EPWP Incentive Grant for Provinces 222 103 157 085 44 540 12 012 8 466 5 176 5 176 3 899 423 2 333 382 64 224 55 511 1 437 557 2 452 2 000 4 297 8 412 829 5 152 760 1 149 994 341 992 297 432 209 598 67 356 12 012 8 466 6 149 6 149 4 030 177 2 333 142 56 115 61 660 1 566 894 5 558 2 000 4 808 8 085 829 4 852 495 1 149 355 331 944 - - - - - - - - - - - - - - - - - - - - - - - 297 432 209 598 67 356 12 012 8 466 6 149 6 149 75 329 52 513 22 816 74.7 74.9 66.1 100.0 100.0 84.2 84.2 96.8 100.0 114.5 90.0 91.7 44.1 100.0 89.4 104.0 106.2 100.1 103.0 100.0 101.2 63.2 99.1 - - 973 973 130 754 (240) (8 109) 6 149 129 337 3 106 56 115 61 660 5 558 2 000 4 808 - 511 (327 001) (300 265) (639) (10 048) 331 944 311 311 311 - 1 715 807 5 310 46 655 1 696 266 8 400 47 058 (19 541) 3 090 403 8 400 47 058 7

8. Conditional Grants Summary of conditional grants by Vote - 2017/18 Virement Post Adj. Est. (3) Preliminary Actual (1) 7 370 615 3 684 564 3 678 939 2 934 054 1 828 970 1 071 439 Final Under/ (Over) (3) = (2) - (1) % spent Adjusted Appropriation R thousand Appropriation (4) = (2) + (3) 7 370 615 3 684 564 3 678 939 2 934 054 1 828 970 1 071 439 (2) 7 370 615 3 684 564 3 678 939 5 625 1 487 1 487 112 592 98 427 2 000 12 165 3 338 3 338 2 934 054 1 828 970 1 071 439 33 645 144 836 71 879 53 459 (1) / (2) Agriculture and Rural Development Human Settlements Human Settlements Development grant EPWP Integrated Grant for Provinces Community Safety and Liaison Social Sector EPWP Incentive Grant for Provinces Sport and Recreation Mass Participation and Sport Development grant EPWP Integrated Grant for Provinces Social Sector EPWP Incentive Grant for Provinces Co-operative Governance and Traditional Affairs EPWP Integrated Grant for Provinces Transport Provincial Roads Maintenance grant Public Transport Operations grant EPWP Integrated Grant for Provinces Social Development Early Childhood Development grant Social Worker Employment grant EPWP Integrated Grant for Provinces Social Sector EPWP Incentive Grant for Provinces Public Works EPWP Integrated Grant for Provinces Arts and Culture Community Library Services grant EPWP Integrated Grant for Provinces - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 79.6 82.6 68.2 5 625 1 487 1 487 112 592 98 427 2 000 12 165 3 338 3 338 5 625 1 487 1 487 112 592 98 427 2 000 12 165 3 338 3 338 33 645 115 288 59 340 36 450 33 645 144 836 71 879 53 459 29 548 12 539 17 009 - - - - - - 19 498 6 951 6 951 184 971 182 971 2 000 19 498 6 588 6 588 184 971 182 971 2 000 19 498 6 588 6 588 184 971 182 971 2 000 100.0 105.5 105.5 100.0 100.0 100.0 (363) (363) - - - 8 Total 19 582 776 19 492 017 - 19 492 017 (90 759) 100.5

9. Expenditure trends over past 7 years 9

10. Expenditure trends over past 7 years Summary of provincial expenditure outcome: 2011/12 to 2017/18 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 R thousand Over/ Under Over/ Under Over/ Under Over/ Under Over/ Under Over/ Under Over/ Under 1. OTP 2. Prov. Legis. 3. DARD 4. EDTEA 5. Education 6. Prov. Treasury 7. Health 8. Human Settlem. 9. Comm Safety 10. Royal Hhold 11. COGTA 12. Transport 13. Social Dev. 14. Public Works 15. Arts & Culture 16. Sport and Rec. 5 505 20 785 6 611 43 414 (572 216) 119 699 (122 022) 42 496 4 900 1 234 49 646 (11 811) 18 699 30 702 50 497 11 718 (676) 5 008 103 837 84 578 94 895 (99 602) 25 442 3 994 1 577 (6 514) 76 781 219 077 20 012 63 319 4 701 39 647 9 616 76 430 (312 200) 31 368 3 925 3 846 (9 106) (13 959) 43 478 (7 660) 1 029 13 052 7 563 128 002 52 652 286 442 34 764 (126 045) (14 735) 9 821 22 808 (1 064) 2 328 3 681 20 093 4 072 45 727 43 125 93 292 13 534 274 959 76 822 (140 732) 63 075 28 068 102 893 6 691 45 228 8 103 80 957 7 714 77 452 32 039 12 603 1 374 3 477 12 703 27 929 28 222 6 523 18 085 4 238 11 466 21 594 164 098 98 794 (82 249) 41 847 28 408 (1 114) 49 353 250 068 69 137 7 307 19 023 26 862 376 (236) 49 322 234 - 453 850 - - - 66 113 331 Total (311 795) 540 289 (64 952) 443 887 653 569 321 795 704 594 % over/ under-spent -0.40% 0.63% -0.07% 0.45% 0.62% 0.29% 0.60% 10 100.40% 99.37% 100.07% 99.55% 99.38% 99.71% 99.40%

11. Possible risks 11

12. Possible risks Current wage negotiations. Will they be in line with budgeted increases? If not, who will fund the difference? Will there be any further fiscal consolidation cuts by National Treasury over the 2019/20 MTEF? Contingent liabilities (back-pay for Izinduna R1.2bn, NHLS R1.8bn, medico-legal R10bn) 12

13. Introduction of the Public Finance Team 13

14. Introduction of the Team Public Finance Team: Tanya Stielau Public Finance (033 897 4308) Eddie Musasiwa Provincial Own Revenue (897 4333) Revenue unit: Nonku Nkwanyana (897 4297) Mhlo Phoswa (897 4205) 14

15. Introduction of the Team Liesl Curtis Public Entities (897 4305) Public Entity Team: Nokuthula Mlambo (897 4303) Slu Makhoba (897 0485) Sne Magubane(897 4515) 15

16. Introduction of the Team Public Finance Team: Nomthi Mjuza Provincial Budget Management (897 4540) Provincial Budget Management unit: Jeremy Upfold Vote 1 and 7 (897 4570) Claire Thibaud Vote 2 (897 4531) Nomusa Khwela Vote 3 and 8 (897 4320) Andiswa Mncedane Vote 4 and 14 (897 4491) Sma Mthembu Vote 5 and 9 (897 4270) Dennis Machobani Vote 6 and 13 (897 0436) Nomfundo Makhaye Vote 10 and 15 (897 4228) Jo Adu-Boahen Vote 11 and 12 (897 4304) 16

17. Introduction of the Team Public Finance Team: Our valuable support team: Dhavisha Marian (897 4442) Nkulukelo Luthuli (897 0450) Navika Ramcoomar (897 4310) Thandeka Mwelase (897 4337) 17

18. Introduction of the Team This Team is there to guide and support departments and public entities Our role is not to catch you out If you have queries or are unsure about something, please phone us 18

19. THANK YOU 19