I am pleased to comment on the 2015 -2020 strategic plan for KZN Provincial Treasury. This is the first five year strategic plan after the adoption of the National Development Plan and the KZN Growth and Development Plan (PGDP) which provide a roadmap to deal with the triple challenges of unemployment, poverty and inequality.
This strategic plan has been developed to respond to the abovementioned challenges as clearly articulated in the KZNPGDP. KZN Treasury will play a significant role in the achievement of the 14 government outcomes as indicated in the Medium Term Strategic Framework for 2014-2019. A more focused approach towards the allocation of limited resources has been proposed in this plan.
We are mindful of the impact of the reduced equitable share for KZN and the recently announced fiscal consolidation plans. Our strategic focus is geared towards the enhancement of provincial own generated revenue to compensate for income loss and to ensure a sustainable service delivery to the citizens of KwaZulu-Natal. The cost cutting measures will continue as they are directed at cutting down on wasteful expenditure and prioritisation of spending on service delivery.
The interventions on prudent management of our financial resources and adherence to good governance principles will contribute towards value for money.
KZN Treasury has already made inroads in the facilitation of infrastructure delivery. This plan will ensure that the momentum is not lost and that contributions are made towards poverty alleviation and job creation.
A call has been made by government for procurement reforms that are geared towards broad based black economic empowerment (BBBEE) and support for local suppliers and SMME. These efforts are directed towards addressing inequalities. We will contribute towards the development of these reforms and ensure their adequate implementation within the Province.
This plan articulates our programmes and further outlines how we will reach the desired destination by being part of the broader government machinery that is responsive to our people’s needs.
I look forward to the continued dedication and commitment of our staff members who are at the centre of service delivery.
View Simiso Magagula's full professional profile