Today's Labour News

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southafricalogoBusinessLive reports that unspent funds by government departments in the first six months of the financial year totalled R3.9bn, the Treasury reported to parliament's two appropriations committees on Thursday.  

This meant that billions of rand meant for critical programmes to address poverty and unemployment and deliver services were not spent.  The unspent amounts are surrendered to the national revenue fund unless finance minister Tito Mboweni approves their use elsewhere in the same department.  The departments with the largest unspent funds were higher education and training (R897m), police (R703m), health (R346m), co-operative governance and traditional affairs (R310m), small business development (R300m) and energy (R256m).  MPs expressed concern on Thursday over the underspending on key government programmes.  Among the unspent funds highlighted by MPs were the R300m unspent on the community works programme, which is meant to alleviate poverty; the R157m unspent by the Jobs Fund at a time of critically high unemployment; the R250m unspent on Eskom's integrated national electrification programme, while many homes are not connected to the grid; and R300m unspent by the Small Enterprise Finance Agency's small business and innovation fund, at a time when many small businesses were struggling to survive.

  • Read the full original of the report in the above regard by Linda Ensor at BusinessLive

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