2 Presentations 2.1 National Treasury The National Treasury reported that the total expenditure for all provincial departments of education is R94.7 billion (or 79 per cent) of the R124.8 billion adjusted budget as at 31 December 2009. The R124.8 billion adjusted budget for education comprises 41 per cent of the total provincial adjusted budgets. This spending shows an increase of R13 billion compared to R81.7 billion that was spent over the same period in the 2008/09 financial year.