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Parliament - The 2012/13 budget adjustments tabled by Finance Minister Pravin Gordhan in the national assembly on Thursday provide for an additional R11.523bn in vote allocations.
This includes roll-overs of R1.506bn, unforeseeable and unavoidable spending of R2.273bn, higher than expected personnel remuneration increase costs of R5.480bn, and self-financing spending of R440.1m.
Gordhan said a contingency reserve of R5.780bn was set aside in the budget, as well as an unallocated amount of R30m.
Savings of R3.021bn had been declared, a repayment of R500m was to be made into the National Revenue Fund, and a decrease in state debt costs was projected to be R593.6m.
Over and above this, budget spending projections also indicated a possible R3.5bn in underspending.
"If this projection is fully realised, the revised total level of spending would be R967.463bn, representing a decrease of R1.902bn in aggregate from the budget spending estimate of R969.365bn," he said.
