Limpopo MEC for Treasury Seaparo Sekoati on Tuesday tabled the provincial Medium Term Budget Policy Statement for the 2023/2024 financial year. The Province is projected to overspend by R1.795 billion or 2.3 percent primarily in the departments of Education, and Health. This is due to the compensation of Employees, and non-negotiable items.

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Sekoati revealed that the available funding sources are adjusted upwards by R2.027 billion or 2.6 percent from R78.388 billion to R80.416 billion. It comprises:

-Equitable Share increase of R2.009 billion allocated for funding 2023 National wage increases, specifically for Health and Education.
-Provincial Own revenue baseline increase from R1.710 billion by R214.493 million or 12.5 percent to R1.925 billion.

MEC Seaparo Sekoati tables Limpopo Medium Term Budget Policy Statement
MECs Rodgers Monama and Seaparo Sekoati

LIMPOPO MEDIUM TERM BUDGET POLICY STATEMENT DELIVERED BY MEC SEAPARO SEKOATI

Presenting the Medium-Term Budget Policy Statement in Polokwane, Sekoati revealed that the province will appropriate an additional R2.480 billion. Thus increasing the appropriated budget from R79.162 billion to R81.643 billion.

The 2023/24 Budget Adjustment per department is as follows:  

Office of the Premier – R27.270 million
Provincial Legislature – R43.795 million
Education – R848.229 million
Agriculture – R35.323 million
Provincial Treasury – R42.862 million
Limpopo Economic Development and Tourism (LEDET) – R260.171 million
Health – R829.858 million
Transport and Community Safety – R29.821 million
Public Works – R130.479 million
Sport, Arts and Culture – R22.884 million
COGHSTA – R204.656 million
Social Development – R90.199 million