House Chair, the NFP welcomes the report of the Standing Committee on Finance tabled here today. Yes, indeed the
NFP will support the Budgetary Review and Recommendation Report, BRRR, of Standing Committee tabled here. Whilst this National Treasury receives R29,7 billion, only managed to achieve 113 of the 139 performance targets. What is concerning is that this department which is the custodian of all funds has not achieved its performance target in financial accounting, particularly in the supply chain management, once again.
South African Revenue Service, SARS, only collected R1,287 trillion against an estimate of an estimate of R1,3 trillion. National Treasury and its entities with finance portfolio incurred R82 million in fruitless and wasteful expenditure. Irregular expenditure increased to R1 billion with National Treasury being the biggest contributor with R466 million and SARS R454 million, it's a disgrace that 53% of the finance portfolio had findings as a result of uncompetitive and unfair procurement, clearly as a bridge of the Public Finance Management Act.
Now, the integrated financial management system is still not being achieved, despite hundreds of millions of rands being spent on it and we believe that, that matter needs to be expedited. Now, the Auditor General is recommending consequence management despite amendments to the Auditor General and in terms of what is entitled
to do in terms of consequence management; it's not yielding any results.
There appears to be no oversight on National Treasury and that appears to be another challenge. My time is running out, the NFP supports this report, but we call for consequence management and ensure that the committee that is the Standing Committee in Appropriation receives report timeously on the action that is being taken, particularly with Treasury not complying with Public Finance Management Act. Thank you, we support.
IsiXhosa: