Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 4 : National and Provincial Budgets

30. National adjustments budgets

Purchase cart Previous page Return to chapter overview Next page

 

(1)The Minister may table an adjustments budget in the National Assembly as and when necessary.

 

(2)A national adjustments budget may only provide for—
(a)adjustments required due to significant and unforeseeable economic and financial events affecting the fiscal targets set by the annual budget;
(b)unforeseeable and unavoidable expenditure recommended by the national executive or any committee of Cabinet members to whom this task has been assigned;
(c)any expenditure in terms of section 16;
(d)money to be appropriated for expenditure already announced by the Minister during the tabling of the annual budget;
(e)the shifting of funds between and within votes or to follow the transfer of functions in terms of section 42;
(f)the utilisation of savings under a main division of a vote for the defrayment of excess expenditure under another main division of the same vote in terms of section 43; and
(g)the roll-over of unspent funds from the preceding financial year.