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Standing Committee on Appropriations
2014 Adjustment Appropriations Bill; Division of Revenue Amendment Bill: briefing
24 Oct 2014
National Treasury presented the 2014 Adjustment Appropriations Bill. Section 30(2) of the Public Finance Management Ac states that the adjustments budget may provide for significant and unforeseeable economic and financial events affecting the fiscal targets and other unforeseeable circumstances. Adjustments were made to accommodate those government departments that were reconfigured ...
Finance Standing Committee
2014 Medium Term Budget Policy Statement: briefing by Minister of Finance, with Deputy Minister in attendance
23 Oct 2014
The Minister remarked that the budget policy framework and spending priorities of government for the following three years was produced under trying and unenviable conditions. The Director General explained that the global outlook remained uneven, and that the South African current account and fiscal deficits caused the country to depend ...
Development Bank of Southern Africa Amendment Bill: National Treasury briefing
21 Oct 2014
The National Treasury briefed the Committee on the Development Bank of Southern Africa (DBSA) Amendment Bill (B 2 of 2014).The presentation focused on the background and post-restructuring period of DBSA, the main objects of the Amendment Bill, the process of introducing the Bill in Parliament and the clause-by-clause discussion of ...
National Treasury and South African Revenue Service on International Tax Agreements
17 Sep 2014
The Select Committee on Finance was briefed by the South African Revenue Service (SARS) on 14 International agreements for consideration and adoption by the Committee. The International Agreements were as follows: Protocol amending the Agreement between the Government of the Republic of South Africa and the Republic of Turkey; African ...
Finance Standing Committee
Processing of Medium Term Budget Policy Statement: input from National Treasury, FFC and Parliamentary Budget Office
16 Sep 2014
The Joint Meeting of the Standing and Select Committees on Finance and the Standing and Select Committees on Appropriations heard briefings from the Parliamentary Budget Office (PBO), the Financial and Fiscal Commission (FFC) and National Treasury.
The Parliamentary Budget Office (PBO) presentation covered the legislative mandate of the Medium Term ...
International Tax Agreements: overview by National Treasury and SARS
27 Aug 2014
The Select Committee on Finance were briefed on international tax agreements by South African Revenue Service and the National Treasury. The purpose was to give insight into the details of the different types of tax agreements such as Double Taxation Agreements (DTAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Conventions ...
2015/16 Division of Revenue: Financial and Fiscal Commission briefing
26 Aug 2014
The Financial and Fiscal Commission briefed the Committee on the 2015/16 division of revenue. The presentation centred on macro-economic perspectives and fiscal frameworks, public debt challenges, social programmes and the need for reform, the equitable resourcing of schools, the adequacy and efficiency of primary health care financing, the impact of ...
The Select Committee on Finance was briefed by the Anti-Corruption Task Team (ACTT) on the progress achieved by the ACTT in the Limpopo intervention, and the challenges related to criminal investigations and disciplinary proceedings. The purpose of the task team was to provide for better coordination of governmental functions with ...
Termination of Section 100 Limpopo intervention, with Limpopo Premier & Minister of Finance
30 Jul 2014
The meeting brought the various Select Committees for the provincial departments affected by the section 100(1)(b) Limpopo intervention invoked in December 2011 when National Treasury took over the administration of the Departments of Health, Education, Roads and Transport, Public Works, and the Provincial Treasury.
The Limpopo Premier stated that corporate ...
Appropriation Bill: National Treasury briefing & finalisation
29 Jul 2014
The National Treasury told the Select Committee that a balance was sought in the Appropriation Bill between the need to support a contracting economy and the need to consolidate the fiscus. Funding for infrastructure development was a priority, but the Treasury was clamping down on frivolous expenditure. The Treasury had ...