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Treasury to allocate extra R7bn for provision of vaccine procurement

In his finances speech earlier on Wednesday, Finance Minister Tito Mboweni introduced further funds for the nation’s vaccination marketing campaign.

President Cyril Ramaphosa, Finance Minister Tito Mboweni and his crew at Parliament after the Budget speech on 24 February 2021. Picture: GCIS.

CAPE TOWN – Treasury is placing its money the place its mouth is allocating an extra R7 billion for the provision of vaccine procurement.



In his finances speech earlier on Wednesday, Finance Minister Tito Mboweni introduced further funds for the nation’s vaccination marketing campaign.

READ: Tito Mboweni on SA economic system: There are causes to be hopeful

Treasury’s Budget paperwork repeatedly stress the significance of a clean vaccine rollout course of, linking it immediately to the nation’s prospects for an financial turnaround.

Health Minister Zweli Mkhize has stated on a quantity of events that there was no higher restrict for spending on vaccine procurement.

But at some stage, authorities had to put a quantity to the programme and that was up to Mboweni.

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He advised the National Assembly that Treasury had now allotted R12 billion to funding the vaccine rollout over the medium time period.

“We are allocating more than R10 billion for the purchase and delivery of vaccines for the next two years. We are increasing the contingency reserve from R5 billion to R12 billion to make provision for any further purchasing of vaccines.”

The bulk of the money, in accordance to the finances evaluation doc, shall be used to purchase vaccines, with R2.4 billion allotted to provinces to assist them distribute and administer vaccines.

The Medical Research Council additionally will get a R100 million injection for vaccine analysis.

WATCH: R10bn for vaccines & no tax hikes – Mboweni delivers 2021 Budget Speech



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