Provincial Treasury MEC Seaparo Sekoati on Tuesday delivered the Limpopo 2024/2025 Budget speech at the Polokwane Municipality Council Chamber. The major sector contributors to the provincial economy currently are the mining sector [28.1 percent], community service [25.1 percent], finance [17.3 percent] and trade [13.9 percent].

The Construction sector remains the lowest at 1.9 percent. The sector has been failing to bounce back from the effects of COVID-19.

ALSO READ: Former Chiefs defender Siphiwe Mkhonza has passed on

The provincial infrastructure budget for the 2024/25 financial year will be R7. 851 billion. It represents an increase of 6.1% compared to the 2023/24 financial year.  The R7.851 billion is allocated to various departments as follows:
1. Department of Education to receive R1. 623 billion through the Education Infrastructure Grant (EIG) which includes maintenance of Early Childhood Development (ECD) centres and priority projects for Storm Damage Schools.

2. Department of Agriculture and Rural Development to receive R206.260 million.

3. The Department of Economic Development, Environment and Tourism to receive R25.000 million for refurbishment of State Resorts as part of the provincial priorities. 4. Department of Health to receive R848.228 million.

5. Department of Transport and Community Safety to receive R62.688 million also as part of the provincial priority projects.

6. The Department of Public Works, Roads, and Infrastructure receives R3.714 billion.

7. The Department of Sport, Arts and Culture is to receive R243.585 million; included in the departmental allocation is the R200.000 million for the construction of the Provincial Theatre.
8. The Department of COGHSTA is to receive R1.107 billion representing a negative growth of seventeen point four (17.4%) from the 2023/24 financial year.

9. Department of Social Development to receive R20.333 million.

“In 2024, transfer receipts from National Government amounted to R79.718 billion in 2023/24 and are set to increase over the 2024/25 MTEF to R81.404 billion in 2024/25, R84.328 billion in 2025/26 and R87.998 billion in 2026/27 financial years respectively. Including provincial own revenue, the total provincial receipts will be R83.255 billion in 2024/25, R86.264 billion in 2025/26, and R90.027 billion in 2026/27,” said Sekoati.

LIMPOPO PROVINCIAL BUDGET SPEECH AS ALLOCATED BY MEC SEAPARO SEKOATI

Office of the Premier

The Office of the Premier is allocated R506.194 million in 2024/25, R515.450 million in 2025/26 and R533.515 million in 2026/27 financial years.

Provincial Legislature
The Provincial Legislature is allocated a total budget of R549.516 million in 2024/25, R542.085 million in 2025/26. R626.182 million in 2026/27 financial years.

Education
Education receives the bulk of the provincial budget at 48.2 percent. The department is allocated R40.029 billion, R41.808 billion and R44.163 billion in 2024/25. 2025/26; and 2026/27 financial years, respectively.

MEC Seaparo Sekoati tables Limpopo provincial Budget speech
Provincial Treasury MEC Seaparo Sekoati delivering the Limpopo 2024/2025 Budget speech

Agriculture and Rural Development

Agriculture and Rural Development is allocated a budget of R1.783 billion in 2024/25. R1.887 billion in 2025/26 and R1.962 billion in 2026/27 financial years.

Provincial Treasury
The Provincial Treasury is allocated a total budget of R478.063 million in 2024/25. R500.122 million in 2025/26 and R519.577 million in 2026/27 financial year.

Economic Development, Environment and Tourism
The Department of Economic Development Environment and Tourism is allocated a budget of R1.866 billion in 2024/25. R1.674 billion in 2025/26 and R1.429 billion in 2026/27 financial year.

Health
The Department of Health receives the second largest allocations of the provincial budget after the Department of Education at 29.7 percent. The total allocation to the department is R24.639 billion in 2024/25, R25.769 billion in 2025/26 and R27.443 billion in 2026/27 financial years

Transport and Community Safety

The budget for the Department of Transport and Community Safety is R2.611 billion in 2024/25. Increasing to R2.684 billion in 2025/26 and also R2.791 billion in 2026/27.

Public Works, Roads, and Infrastructure
The allocation for the Department of Public Works, Roads, and Infrastructure is R5.272 billion in 2024/25. R4.770 billion in 2025/26 and also R4.529 billion in 2026/27 financial years.

Sports, Arts and Culture
The Department of Sport, Arts and Culture receives a total budget of R827.099 million in 2024/25. R763.447 million in 2025/26 and also R734.301 million in the 2026/27 financial year.

Co-Operative Governance, Human Settlements and Traditional Affairs

The Department Co-Operative Governance, Human Settlements and Traditional Affairs receives a total budget of R2.473 billion in 2024/25. R2.557 billion in 2025/26 and also R2.521 billion in 2026/27 financial year.