Older Persons Act, 2006
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 4 : National and Provincial Budgets29. Expenditure before annual budget is passed |
| (1) | If an annual budget is not passed before the start of the financial year to which it relates, funds may be withdrawn in accordance with this section from the relevant Revenue Fund for the services of the state or the province concerned during that financial year as direct charges against the Fund until the budget is passed. |
| (2) | Funds withdrawn from a Revenue Fund in terms of subsection (1)— |
| (a) | may be utilised only for services for which funds were appropriated in the previous annual budget or adjustments budget; and |
| (b) | may not— |
| (i) | during the first four months of that financial year, exceed 45 per cent of the total amount appropriated in the previous annual budget; |
| (ii) | during each of the following months, exceed 10 per cent of the total amount appropriated in the previous annual budget; and |
| (iii) | in aggregate, exceed the total amount appropriated in-the previous annual budget. |
| (3) | The funds provided for in subsection (1) are not additional to funds appropriated for the relevant financial year, and any funds withdrawn in terms of that subsection must be regarded as forming part of the funds appropriated in the relevant annual budget for that financial year. |
| (4) | This section does not apply in respect of a province unless a provincial Act provides that the withdrawal of funds in terms of this section is a direct charge against that province's Revenue Fund. |
