Contents:
Contents Government’s budget process
Macroeconomic framework
The Medium Term Expenditure Committee
Finalising budgets
The funding of sport activities
Government’s budget process:
Government’s budget process Prioritisation Preparing budget submissions Macroeconomic framework, fiscal policy & DoR MTBPS MTEF: Approval MTEC: Recommendations Preparation of Detailed Budgets and Documentation
Macroeconomic framework, fiscal policy and DoR :
Macroeconomic framework, fiscal policy and DoR Expected outcome:
Equitable division of national revenue fund between three spheres of government
Medium Term Expenditure Committee (MTEC):
Medium Term Expenditure Committee (MTEC) Evaluate competing demands on the basis of bids and business plans
Evaluate new policies and the expansion of existing outputs, and its impact on indicative allocations
Negotiate increase to ‘baseline’
Expected outcome:
Prepare new MTEF recommendation for Executive consideration and approval
Finalising Budgets :
Finalising Budgets Expected outcome:
Budget legislation and documentation tabled on Budget Day
The funding of sport activities:
The funding of sport activities Prime responsibility: Dept of Sport and Recreation
Department to determine priorities within MTEF baseline allocation
Identify savings and reprioritise
Determine activities in line with Government objectives
Aim to fund all priorities within baseline allocation
Register new policy/activity in national prioritisation processes
Costing of requirements and identification of possible sources for funding (existing activities, reprioritisation, budget bids)
Develop budget submission and register additional requirements
Provide evidence of costing and delivery
Reconsider priorities and distribute allocated funds accordingly
The funding of Sport activities:
The funding of Sport activities Prime responsibility: Dept of Sport and Recreation
Baseline allocations to fund activities
Register policy in national & provincial prioritisation processes
Development of departmental costing and budgets
Use of budget submissions in budget processes to register additional requirements
Costing of requirements and identification of possible sources for funding (existing activities, reprioritisation, budget bids)
Consider priorities and distribute allocated funds accordingly