Hawu Babe Grade 11 Pdf
Kaskuser Kiss
... Sekela Somlomo, uyayibona i-ANC ukuba ithi ngoku ndilisela ...
English:
... and to call it to order. This however occurs in the context of a South African economy that is now officially in recession for the first time since 2009. This is due to the fact that, as we all know, gross domestic product, GDP, growth figures from Statistics SA show that our economy contracted by 0,7% in the first quarter, thus shrinking by 0,3% in the fourth quarter of last year.
This also occurs against the backdrop of the decision by the World Bank to cut its growth focus for our economy in 2017 from 1,1% down to 0,6% due to policy uncertainty. In this regard, it means that over the next few years we are going to have limited resources with which to deliver services to our people. Therefore, one cannot overemphasise the importance of efficiency in the system and effective political oversight.
We concur with those who argue that in light of what has been happening in the country with regard to wasteful and
irregular expenditure, it is important that Parliament as an institution is adequately resourced to ensure that corruption and wasteful expenditure ...
IsiXhosa:
... ziyaliwa.
English:
House Chair, I beg your pardon, Deputy Speaker, we agree with those who believe that there seems to be inadequate mechanisms which seek to ensure that there is effective and efficient spending of allocations for the Education Infrastructure Grant and the School Infrastructure Backlogs Grant. This results in a situation where, as even these stakeholders argue, funds that are not spent are sent back to the National Treasury.
In other words, as is the case with other departments, the poor are punished for the failure of government to either employ people with the right skills to deliver services to the people or to build the requisite capacity and mechanisms to ensure that service delivery does indeed take place.
invited to Saxonwold, offered a bribe, which he turned down, and left the premises? A first-year law student could investigate that and prosecute. Yet, we see no prosecution in that regard - whilst there was an over- keenness to prosecute the former Minister of Finance.
Whilst we appreciate that this whole Budget is
R1,4 trillion to R1,5 trillion and a lot of funds are spent correctly, when it comes to the state capture of our SOEs, obviously this presents a serious challenge to our fiscal consolidation path and we need to go beyond mere talk about enquiries and about ad hoc committees of Parliament. We need to institute criminal action and prosecution on the prima facie evidence that exists at this time.
From our side, in view of these serious allegations and in view of the state of capture that exists, we from the ACDP will not support this Budget Vote. I thank you.
Dr M J FIGG: Hon Deputy Chairperson, the intention of the Bill is to appropriate money from the National Revenue
The public sector Wage Bill is expected to account for 35,5% of government spending in the Medium Term Expenditure Framework, MTEF increasingly crowding out other areas of expenditure. The budget is under significant risk due to lower economic growth, more people are out of work, irregular expenditure is increasing and the financial position of state-owned companies has deteriorated.
Economic growth declined to 0,3% in 2016, far below the required 5,4% to create jobs. This reflects the 5th consecutive year of slowing growth and the lowest annual growth rate since 2009. We are currently in a recession. This slow rate of growth will not be sufficient to markedly reduce unemployment, poverty and inequality. The Financial and Fiscal Commission, FFC forecast that in order to make up the backlog, the economy would have to grow by 7,2% for the remaining 13 years to meet the 2030 NDP target.
The unemployment rate peaked at a 14 year high to 27,7% particularly for the youth and the unskilled. We have 9,3 million people without jobs and rising. Joblessness
among 18 to 29 year olds averaged 43% in the 4th of 2016. Slow employment growth negatively affects household consumption. Irregular expenditure by national and provincial entities increased to R46,4 billion in 2016 while fruitless and wasteful expenditure and unauthorized expenditure was R1,4 billion and R925 million respectively.
Although there is a sound legal framework that governs state-owned companies; operational inefficiencies, poor procurement practices, weak corporate governance and failure to abide by fiduciary obligations have plagued several companies that are now in serious financial difficulty. State-owned companies are required to be financially sustainable. But in 2015-16, the combined return on equity of the 16 largest companies was 0,8%. Government borrows at 8% and provides capital to state- owned companies generating a lower return on equity. This represents value lost to the public finances.
The Bill itself contains a number of allocations that only an out of touch government will table in this House.
levels. We must see allocation and expenditure as one continual.
Allocation alone can no longer be a high water mark. Expenditure trends, management and accountability must be the key. One area that has direct impact in relation to allocation is what I would call the financial health of departments. I am talking here of departments that have accruals higher than the money at hand.
This means that as we allocate, there is already a deficit. This combined with commitments and liabilities create a dim picture in some departments, for instance, at the end of 2015-16, the department of Water and Sanitation surrendered R189 million to the fiscus, and yet it had accruals of R500 million. Alarmingly, we were informed by our comrades in the portfolio last week that the accruals have now tripled to about R1,5 billion. This deterioration is alarming. The question is, has this been taken into account by Treasury? If not, we are witnessing the collapse of a department before our eyes. The rot in Water and Sanitation can not be ignored and need urgent attention.
The provision of urgently needed infrastructure in rural areas is in jeopardy. The department was dismissed by the portfolio committee yesterday for incoherent responses and they will be appearing before Standing Committee on Public Accounts, Scopa, in two weeks time.
We call upon Cabinet to give this looming crisis urgent attention. As we pass this Bill, the APC makes a bold call upon Ministers to stay away from procurement issues, stay away from tenders, let managers manage and be held accountable.
I want to say comrade Minister of Finance that on the Integrated Finance Management System, we will be calling you as Scopa, I think in the next three weeks or so, so that we can talk to those issues. Thank you.
Mr A R MCLOUGHLIN: Hon House Chair, every year before the debate on the Appropriations Bill, the Appropriations Committee receives submissions from stakeholders and commentators. One of these is the Public Service Commission, PSC. Now, the PSC unlike government Ministers who are always at pains to guild whatever wilted
budgetary lily they happen to be presenting on, is inclined to tell the truth about the performance or the lack therefore of most of the hapless South African government Ministries.
In summary, the PSC provided the committee with information indicating that in the 2015-16 financial year, government departments spent an average of 98,68% of their budgets achieving only 67,68% of their targets. This means that if there is no improvement, this year will see our government departments spending
R247,9 billion, achieving absolutely nothing.
I have to mention that there is one single shining exception to this rule being the department of Public Service and Administration that scored 98% of its targets whilst spending only 93% of its budget. Well done.
The problem I have with this is twofold: Firstly, what became of all the money that was spent achieving nothing? Perhaps its busy turning Dubai into the building site that Minister Sisulu wishes to convert South Africa into and secondly, all of the wasted money was cheerfully
Stock Exchange, JSE, has risen from R700 billion to R5 trillion. It must be stated though that this
accumulation of wealth has not benefitted the majority.
The majority of black people and Africans, in particular, have remained excluded from the mainstream economic participation. It is for this reason that the ANC has committed itself and all our people to radical socioeconomic transformation and land expropriation, in order to ensure an equitable redistribution of wealth and property for the benefit of all South African regardless of class, race and gender.
While we maintain fiscal discipline, we must take advantage of conditions that support consumer and business confidence. These conditions include, among others, improvements in the price of commodities and an improving global economic outlook which should boost exports and contribute to our gross domestic product.
Notwithstanding poor performance in manufacturing and trade reported in the past two days, the current account deficit has declined due to low levels of imports.
introduces significant downward bias to the GDP growth estimates communicated in the 2017 budget review, which projected growth at 1.3%.
Whilst the IMF recently revised our 2017 growth projections down to 1%, the World Bank has revised their GDP projections to 0.6% in 2017 from 1.1%. Several favourable factors supportive of domestic growth remain in place; however, aggregate growth in 2017 will likely be reined in by the contraction in the first quarter.
The current growth rate, if sustained, will lead to further decline in GDP per capita and revenue, threatening the affordability of our planned expenditure. This puts more pressure on us as government to intensify our growth programme and improve confidence as a matter of urgency. However, we cannot afford to become despondent in the wake of these developments; we must remain positive and must remain singularly focused on growing the economy and creating prospects for it to get out of the low grow path. [Interjections.]
Mr M S MBHATA: Chairperson, on a point of order.