Appropriation Act, 2022 (Act No. 7 of 2022)5. Use of unspent funds |
| (1) | Despite section 3 of this Act and section 43(4) of the Public Finance Management Act, the Minister may approve that unspent funds in an amount in the Schedule allocated for— |
| (a) | compensation of employees, be used within the same vote for transfers and subsidies for the payment of severance or exit packages; |
| (b) | goods and services, be used within the same vote for compensation of employees; |
| (c) | transfers and subsidies to other institutions, be used elsewhere within the same main division; |
| (d) | payments for capital assets, be used elsewhere in any main division within the same vote; or |
| (e) | payments for financial assets, be used elsewhere within the same main division. |
| (2) | The Minister may not approve the use of unspent funds in terms of subsection (1)(c), (d) or (e) for compensation of employees. |
| (3) | The sum of the unspent funds in a main division of a vote approved for use in another main division of that vote in terms of— |
| (a) | subsection (1); and |
| (b) | section 43(1) of the Public Finance Management Act, may not exceed eight per cent of the amount appropriated under that main division. |
| (4) | The approval of the use of unspent funds in terms of subsection (1) must be disclosed in the National Treasury’s next quarterly report to the relevant Parliamentary Committees. |