Page 16 - Provincial Treasury Estimates.pdf
P. 16

Moving  forward the key elements of the budget policy framework will prioritize economic
                 recovery efforts focusing on fixed investment attraction, developing an economic development

                 funding scheme, and upscaling youth focused enterprise development.
                 Improving  governance and implementation capacity for infrastructure and disaster

                 management will also be prioritized.


                 The Eastern Cape Province will continue to utilize the DDM regionalized approach, which has

                 already been customized into  the Provincial Infrastructure Delivery  Management System
                 (IDMS) in order to strengthen collaboration between the three spheres of government through

                 the mapping of projects, in order to facilitate the move towards the single provincial economic
                 revitalization plan.  In addition there is a need to ensure that SANRAL is supported such that
                 work on major roads infrastructure projects in our province by SANRAL is accelerated so that

                 the Province is able to maximise the employment and related infrastructure spin offs to be
                 realised from them. There is also need for monitoring and reporting against these projects so
                 that the projects are delivered with no  challenges. The approach to climate change and

                 disasters will be enhanced through the implementation of the mitigation strategies and sitting
                 of the PT cross-functional disaster management forum in the province. The continued use of
                 the specialist services providers appointed by PT to support  the Eastern Cape provincial

                 government  to achieve  integrated infrastructure planning and the exploration of the use
                 alternative funding sources in the province will be strengthened through the capacity building

                 of officials. Over and above the Province endeavours to develop and implement an integrated
                 maintenance strategy to benefit public sector infrastructure in the province



                 Provincial Receipts and Payments


                 The provincial fiscal framework is made up of national transfers which consists of provincial

                 equitable share and conditional grants as well as provincial own receipts. Total transfers from
                 national government amount to R87.928 billion in the 2023/24 financial year.
                 The provincial equitable share (PES) formula is updated  to  reflect  the  shifts in provincial

                 populations for the relative demand for public services. Changes in the provincial equitable
                 share from the population data will be updated with the 2022 Census. As a result, provinces

                 with increased populations will receive additional resources for their growing service-delivery
                 responsibilities. There was an increase of R202.649 million in 2023/24 due to data updates in
                 the equitable share formula and in 2024/25 and 2025/26 the additions are R357.484 million

                 and R346.004 million respectively.








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