Lentswe, Mafikeng - The MEC for Finance Kenetswe Mosenogi announced that the 2024/25 provincial fiscal framework has been adjusted upwards by R435 million from R53.700 billion to R54.135 billion. No additional funds were received from the National government except approved rollover of unspent funds from the preceding financial year.
MEC Mosenogi said the adjusted budget is a testament to the positive direction in which the Province is headed, and despite the challenges faced, opportunities lie ahead.
“The adjustments seek to solidify and ensure that resources respond to the priorities of the seventh administration, and to support the attainment of the three identified priorities. These aim to drive inclusive growth and job creation, reduce poverty whilst tackling the high cost of living and to build a capable, ethical and developmental state. The attainment of these priorities will lay the groundwork for a stronger, more resilient North West Province”.
She emphasized that amount spent is not the measure of success, rather, “it is about how effectively we can translate these funds into meaningful change and impact. Our goal is not only to allocate resources but to create value that uplifts, empowers, and sustains our communities.”
“Included in this adjustment are conditional grants rollovers of R205.366 million, equitable share rollovers of R57.702 million, upwards adjustment of R1.550 million on Own Revenue, R3.996 million from National Department of Sports, Arts and Culture for the refurbishment of the Mmabana Arts, Culture and Sports Foundation and R3.271 million in respect of donations from MerSETA and BankSETA. The balance of the funds amounting to R163.500 million are to address service delivery as well as the establishment of the North West Development Fund with an allocation of R24 million,” said MEC Mosenogi.
In response to Provincial Own Revenue which she admitted has been on a downward trajectory, MEC Mosenogi indicated that the Executive Council has directed departments to urgently develop revenue recovery plans for implementation in the current financial year to ensure that revenue targets are achieved. As at the end of the first semester, the Province collected approximately R77.4 million below the projected target.
“Furthermore, the Provincial Treasury has been tasked by the Executive Council to work with all departments to develop a comprehensive Provincial Revenue Enhancement Strategy for implementation in the 2025/26 financial year. This strategy will provide a robust framework for implementation across all departments. Its primary aim is to enhance revenue-raising efforts and support departments in meeting and exceeding their targets,” she stated.
“Let me emphasize that the 2024/25 Provincial Budget adjustments are a demonstration of our commitment to addressing the needs of our people while investing in key priorities that will ensure sustainable growth and development. Through strategic allocations across various departments, government is responding to socio-economic challenges by improving service delivery and strengthening governance structures. Together, we will continue to work towards building an inclusive, resilient, and thriving North West Province.”
In response to the underperforming economy, the Provincial Executive is working tirelessly to advocate and execute the donor funding coordination as well as the establishment of the North West Development Fund.