South Africa

Parliament faces a budget deficit of 74 million rand

National Assembly Speaker Nosiviwe Mapisa-Nqakula tabled the budget for the national legislature on Tuesday afternoon.

FILE: Mapisa-Nqakula said despite the impact of the Covid shutdowns and the fire that swept through parliament in January, he continued to carry out his oversight duties and make laws. Photo: @ParliamentofRSA/Twitter

CAPE TOWN – National Assembly Speaker Nosiviwe Mapisa-Nqakula said on Tuesday parliament was facing a budget shortfall of 74 million rand.

She was tabling the budget for the national legislature as parliament had to reconfigure its operations due to COVID-19 shutdowns and the devastating fire that tore through the chambers of the National Assembly and the Old Assembly in January.

Mapisa-Nqakula said Parliament had asked the Treasury for a budget of R2.757 billion.

“The allocation received from the Treasury is R2.683 billion. This means that we have a shortfall of R74 million, which will need to be funded from retained earnings and revenue from Parliament. ” She says.

Mapisa-Nqakula said despite the impact of the COVID shutdowns and the fire that swept through parliament in January, he continued to carry out his oversight and lawmaking duties.

“Given the odds against which the institution had to operate during the year under review, the levels of achievement achieved can only be described as extraordinary.”



Parliament faces a budget deficit of 74 million rand

Source link Parliament faces a budget deficit of 74 million rand

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