Debate on the Provincial Treasury Budget

Posted in: on 15/05/2021 | Categorised as

  1. Hon. members, Provincial Treasury needs to, in light of financial reporting requirements ensure commitment from all departments to follow the GAAP standards. As I sit in various committees, Hon. MEC, fully aware of interpreting the financial statements of departments and entities in light of GAAP’s limitations, I still get the feeling that more of the deviations for financial reports sound like non-financial reporting. This indicates that we definitely have challenges enforcing GAAP principles and this must be addressed. The reason I believe is mostly due to weaknesses in our human capital and IT investments. For this all Accounting Officers must be performance appraised and IT strategies for each department assessed.
  2. Hon. members in the current situation, it is important for the Legislature be workshopped on planning issues and we need the Planning Commission and Statistics S.A to brief the Legislature on strategic situational management.
  3. Hon. MEC, another challenge we will face is if departments do not introduce COVID-19 and other disaster management indicators for monitoring and evaluation. Provincial treasury must decide what governance units it will house and report on these. We need executive statements on internal audit units, public-private partnerships unit for all SDG’s and a provincial human resource organogram blue-print, supply chain contract management, IT pricing program and how to improve the contingency budget to manage any future disasters.
  4. Hon. MEC, these are real concerns when we have budgetary and staff constraints. Our work is to ensure that all monies allocated are spent as required so that our people get service delivery especially for basic needs like water, lights and other living standards we are measured by, such as food and commodity prices. Hon. MEC, the MF supports this budget with not only concerns but real commitment to engage in joint-problem solving.
  5. Thank you.

Hon. S. Thakur-Rajbansi


Debated by: Hon. Shameen Thakur-Rajbansi

Minority Front Leader (KZN Legislature)

Date: Fri 14 May 2021

Time: 09:30 to 17:00

Word Count: 294 Words

Leave a Reply