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1433 TUESDAY, 18 NOVEMBER 2008
1434
enced any shortfall on the subsidy
budget. However, the DoT is anticipating
a shortfall of about
R1,2 billion on the bus subsidy
during the current financial year.
Due to a shortfall of R542 million
that was carried over from the
2007-08 financial year, the department
has already spent
(b)
R2 424 million of the current budget
of R2 829 million as at the end
of September 2008. In terms of the
department’s records and the expenditure
trends from provinces,
the available balance in the subsidy
budget will be depleted in
November 2008.
The department is engaging the
(c)
National Treasury and has brought
the matter to the attention of the
Minister of Finance.
Up to the end of September 2008,
all operators have been paid their
monthly subsidies and will be paid
until November 2008.
(2) (a) As part of the 2008-09 Adjustment
Budget process, the Department of
Transport submitted an application
for additional funding of
(b)
R1,2 billion to the National Treasury
in September 2008.
The department was recently informed
that no additional funds
have been approved for bus subsidies.