Finance Act

Link to law: http://www.gov.za/documents/finance-act-1
Published: 2007-03-31

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untitled
Cape Town,Vol. 501 Kaapstad, 31 2007
March Maart No. 29764
THE PRESIDENCY DIE PRESIDENSIE ———— ————
No. 290 31 March 2007 No. 290 31 Maart 2007
It is hereby notified that the President has assented to the following Act, which is hereby published for general informa- tion:—
Hierby word bekend gemaak dat die President sy goedkeuring geheg het aan die onderstaande Wet wat hierby ter algemene inligting gepubliseer word:—
No. 2 of 2007: Finance Act, 2007 No. 2 van 2007: Finansiewet, 2007
9 771682 584003
2 9 7 6 4
ACT To approve unauthorised expenditure as a direct charge against the National Revenue Fund and to provide for matters connected therewith.
BE IT ENACTED by the Parliament of the Republic of South Africa, asfollows:— Interpretation
1. In this Act, unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Public Finance Management Act, 1999 (Act No. 1 of 1999), has the meaning assigned to it in that Act.
Approval of unauthorised expenditure
2. The unauthorised expenditure referred to in Schedule 1 in the amount of R313 569 219,04 and Schedule 2 in the amount of R159 536 278,60, and described in the reports of the National Assembly’s Standing Committee on Public Accounts identified in the second column of the Schedules, is approved and authorised as a direct charge against the National Revenue Fund.
Recovery of unauthorised expenditure
3. This Act does not detract from or limit any right or obligation to take appropriate steps to recover unauthorised expenditure from a responsible official or former official.
Short title
4. This Act is called the Finance Act, 2007.
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Act No. 2, 2007 FINANCE ACT, 2007
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————————— (English text signed by the President.)
(Assented to 31 March 2007.) —————————
Amount Unauthorised Standing Committee on Public Accounts Report Reference
Resolution Reference
Financial Year
Vote Title
(R) Column 1 Column 2 Column 3 Column 4 Column 5
SCOPA 2001
66 227 648.00 5th A.8 1998/1999 Provincial and Local Government
SCOPA 2003
5 028 218.42 112th 11.2.1 1998/1999 Public Works
30 572 886.98 112th 11.2.2 1999/2000 Public Works
5 443 000.00 112th 11.2.3 2000/2001 Public Works
2 083 837.55 113th 2.2(a) 1996/1997 Defence
814 618.52 113th 2.2(b) 1997/1998 Defence
586 333.80 113th 2.2(c) 1998/1999 Defence
3 893 825.13 113th 2.2(d) 1999/2000 Defence
116 619.80 113th 2.2(e) 2000/2001 Defence
21 000.00 118th 6 1996/1997 Statistics South Africa
36 114 003.54 118th 6 1997/1998 Statistics South Africa
SCOPA 2004
99 719.00 1st 1999/2000 Environmental Affairs and Tourism
69 381.60 2nd 1995/1996 National Treasury
97 253.70 2nd 1998/1999 National Treasury
3 818 737.00 5th 1.1 1997/1998 Transport
7 374 935.68 5th 1.2 1998/1999 Transport
12 775 993.34 5th 1.3 1999/2000 Transport
202 073.11 6th 1997/1998 Trade and Industry
1 585 561.18 6th 1998/1999 Trade and Industry
1 137 366.71 6th 1999/2000 Trade and Industry
617 788.00 8th 1996/1997 Water Affairs and Forestry
1 838 577.00 8th 1997/1998 Water Affairs and Forestry
82 000.00 8th 1998/1999 Water Affairs and Forestry
6 000.00 8th 1999/2000 Water Affairs and Forestry
6 130 458.75 9th 2000/2001 Home Affairs
46 041 797.48 10th 1999/2000 Justice and Constitutional Affairs
523 233.09 11th 2000/2001 Justice and Constitutional Affairs
631 761.11 12th 1996/1997 Presidency
1 428 163.05 12th 1999/2000 Presidency
159 874.85 13th 1993/1994 Provincial and Local Government
540 456.00 14th 1997/1998 Social Development
822 460.68 15th 1999/2000 Sport and Recreation
10 288.69 15th 2000/2001 Sport and Recreation
195 040.87 17th 1998/1999 Housing
446 664.30 17th 1999/2000 Housing
112 960.00 18th 1994/1995 Science and Technology
821 919.73 19th 1.1 1997/1998 Labour
438 543.93 19th 1.2 1998/1999 Labour
350 000.00 20th (a) 1997/1998 Public Enterprises
7 152 000.00 20th (b) 1998/1999 Public Enterprises
18 663 160.38 20th (c) 1999/2000 Public Enterprises
723 873.11 21st 2000/2001 Correctional Services
290 908.99 21st 1999/2000 Correctional Services
SCOPA 2005
41 641 706.89 2nd 5 2002/2003 Correctional Services
491 210.99 59th 1998/1999 Presidency
4 682 751.20 60th 2000/2001 Home Affairs
SCOPA 2006
136 302.96 70th 1998/1999 Agriculture
526 303.93 70th 1999/2000 Agriculture
313 569 219.04
SCHEDULE 1: Unauthorised expenditure referred to in section 34(1)(b) of the Public Finance Management Act, 1999
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Act No. 2, 2007 FINANCE ACT, 2007
Amount Unauthorised Standing Committee on Public Accounts Report Reference
Resolution Reference
Financial Year Vote Title
(R) Column 1 Column 2 Column 3 Column 4 Column 5
SCOPA 2002
6 358 000.00 9th 2 2000/2001 Foreign Affairs
SCOPA 2003
121 937 301.08 118th 6 2001/2002 Statistics South Africa
SCOPA 2004
5 898 000.00 3rd 2001/2002 Foreign Affairs
12 345 000.00 8th 2001/2002 Water Affairs and Forestry
4 467 838.59 9th 2000/2001 Home Affairs 1 591 000.00 58th 2003/2004 Government Communication and Information System
2 569 000.00 59th 2002/2003 Presidency
4 370 138.93 61st 2002/2003 South African Management Development Institute
159 536 278.60
SCHEDULE 2: Unauthorised expenditure referred to in section 34(1)(a) of the Public Finance Management Act, 1999
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Act No. 2, 2007 FINANCE ACT, 2007