Government to submit to Parliament a supplementary budget to cover known arrears and under-budgeted spending obligations, including those for power sector subsidies which may be required in light of ERA’s tariff setting policy. (MEFP ¶35).
Introduced at R3. Macroeconomic rationale: Prevent accumulation of expenditure arrears. At R4, Not met. Supplementary Budget submitted does not contain resources to settle arrears, the volume of which Government disputes. Discussions with creditors are under way.