Page 36 - Provincial Treasury Estimates.pdf
P. 36

Overview of the Provincial Revenue and Expenditure (OPRE) Financial Year 2023/24
           Table 2.1 EC Medium-term Provincial Priories and Economic Recovery Framework









           Source: OTP and DEDEAT 2022



           Fiscal Consolidation Measures


           The following remain to be at the core of fiscal consolidation measures guiding Provincial Treasury in its

           overall budget reprioritisation processes:

               o  Limiting growth of compensation of employees (CoE) through moderate salary adjustments, limiting

                  non-core public sector employment, and strengthen effectiveness of PCMT;
               o  Allowing for any new policy priorities and spending plans through budget baseline reprioritization;
               o  Enforcing adherence to supply chain management reforms and latest supple chain management

                  (SCM) practice notes to curb excessive costs in procurement;
               o  Intensifying the implementation of the Research Study on own revenue maximization whilst
                  improving the accuracy and completeness of administrative data in Education (SASAMS/LURITS)

                  and Health (DHIS, Patient Records/E-Health). This will assist in improving planning and budgetary
                  decisions whilst potentially increasing national fiscal transfers to the province;
               o  Ensuring infrastructure projects are properly planned, integrated and delivered on time within budget;

               o  Providing support in limiting medico-legal claim payments at the department of health;
               o  Implementation of cost containment measures by prioritising funds on key service delivery areas

                  rather than on non-core items, whilst also improving governance and oversight in the province;
               o  The introduction of Zero Based Budgeting  (ZBB) to align spending with strategic outcomes and
                  service delivery priorities, and eliminate inefficiencies on expenditure whilst strengthening allocative

                  efficacy;
               o  The Provincial Revenue Fund (PRF) continues to be carefully managed to mitigate liquidity risks;
               o  Ensuring that the rationalisation of public entities report as was presented to EXCO and approved is

                  fully implemented;
               o  Implementation of recommendations of the  research on accruals and payables in DoE and DoH;
                  and











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