Latest news with #R295
Eyewitness News
12-05-2025
- Business
- Eyewitness News
Gauteng govt 'confident' Treasury will allow rollover of its unspent funds to next financial year
JOHANNESBURG - The Gauteng government said it was "confident" National Treasury will allow the rollover of some of its unspent funds to the next financial year. The provincial government has underspent its budget allocation by R1.8 billion. However, R1.4 billion of this money will return to the province for reallocation, while the rest was at risk of being forfeited to the Treasury. READ: Gauteng govt has failed to spend some of its budget allocation this fiscal year Speaking at a media briefing on Monday, Gauteng Finance MEC Lebogang Maile said that the provincial government had made motivations to Treasury for the R295 million to be rolled over. "If they are not approved [applications for rollovers], it means we would have lost R400 million but we are confident because we have done our own due diligence, that's why we are recommending that specific figure because the other applications in the view of provincial Treasury did not meet the requirement for rollover applications."
Eyewitness News
12-05-2025
- Business
- Eyewitness News
Maile: Of R1.8bn underspent by Gauteng govt, only R85m at risk of being forfeited to Treasury
JOHANNESBURG - The Gauteng government has clarified that while it has underspent its budget by R1.8 billion, it is only at risk of forfeiting R85 million back to National Treasury. The provincial government has been under fire following comments by Premier Panyaza Lesufi over his unhappiness with the budget allocation not being fully spent. Gauteng Finance MEC Lebogang Maile held a media briefing on Monday to clarify the matter. For the 2024 / 25 financial year, the Gauteng government spent 99% of its budget. Of the R1.8 billion unspent, R1.4 billion came from the provincial equitable share, with the rest coming from conditional grants. Maile said unspent funds from the provincial equitable share go back to the province for reallocation. 'When you look at the statement, the only money, if roll-overs were to be approved nationally, the province would have lost R85 million to Treasury." Maile said the Gauteng government has applied to the National Treasury to approve the rollover of R295 million out of the R381 million of unspent conditional grants to the next financial year.
