This year's budget increased from R353.3 million in 2010/11 to R1.249 billion in 2012/13 as a result of transfers to both Denel and Alexkor. Of this amount, R700 million is earmarked for the recapitalisation of Denel's Aerostructures division whilst R350 million is earmarked for Alexkor's outstanding settlements under the Richtersveld Community Deed of Settlement (DoS), including the tax obligation of R69.9 million. The department is only left with less than R200 million to fulfil its oversight responsibilities over State-owned companies. In reality the Department of Public Enterprises has been allocated less than the amount it was allocated for in the 2011/12 financial year which was R353.3 million.