Page 524 - Provincial Treasury Estimates.pdf

Economic Development, Environmental Affairs and Tourism
Goods and Services decreased from R93.931 million in 2019/20 to a revised estimate of R87.969 million
in 2022/23 due to re-alignment of the available funds towards the support of core programmes. In 2023/24,
the budget decreases by 4.3 per cent to R84.162 million due to internal reprioritisation from operating
lease to capital expenditure and leave gratuities for retirement of departmental officials.
Transfers and Subsidies decreased from R4.169 million in 2019/20 to a revised estimate of R2.403 million
in 2022/23 due to reduction on natural attrition and retirement. In 2023/24, the budget increase by 19.6 per
cent to R2.875 million mainly due to funds allocated for early retirement of departmental officials.

Payments for Capital assets increased from R9.972 million in 2019/20 to R16.950 million in the
2022/23 revised estimates due to additional users on the finance lease and relocation to new offices in
Bhisho. In 2023/24, the budget slightly increases to R17.618 million or 3.9 per cent due to inflationary
adjustments.

8.2 Programme 2: Economic Development and Tourism

Objectives: Promoting and administering sustainable economic development and job creation. The
programme is divided into 5 sub-programmes:
x Integrated Economic Development Services: Promotes and supports economic development
through shared partnership;
x Trade and Sector Development: Stimulates economic growth through industry development, trade
and investment promotion;
x Business Regulation and Governance: Ensures an enabling socially responsible business
environment that allows for predictability;
x Economic Planning: Develops provincial economic policies and strategies to achieve and measure
sustainable economic development; and
x Tourism: Creates an enabling tourism environment through legislation, policy and strategy
development as well as create demand and supply for tourism.

Table 17: Summary of payments and estimates by sub-programme: P2 - Economic Development and Tourism
Main Adjusted
Outcome Revised estimate Medium-term estimates % change from
appropriation appropriation 2022/23
R thousand 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
1. Intergrated Economic Development Services 49 944 141 322 131 073 158 494 173 343 173 343 311 952 143 391 146 051 80.0
2. Trade And Sector Development 572 983 503 075 551 134 397 785 441 273 441 258 889 869 942 123 1 149 300 101.7
3. Business Regulation & Governance 140 697 145 969 147 948 170 111 169 668 169 668 193 505 175 086 180 460 14.0
4. Economic Planning 4 998 4 115 5 982 8 375 8 375 8 390 5 929 6 104 5 974 (29.3)
5. Tourism 10 158 9 361 12 616 12 399 12 399 12 399 17 179 16 400 16 619 38.6
Total payments and estimates 778 780 803 842 848 753 747 164 805 058 805 058 1 418 434 1 283 104 1 498 404 76.2

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