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NCOP Appropriations
Division of Revenue Amendment Bill for 2015/16: public hearings
7 Nov 2014
The South African Local Government Association (SALGA) commented on the Division of Revenue Bill (DoRB), saying it is in everyone’s interest within the context of the tight fiscal space to ensure that local government is properly resourced and capacitated to meet its developmental challenges. While not all items that SALGA ...
Finance Standing Committee
Revised Fiscal Framework : Consideration and Adoption of Committee Report
30 Oct 2014
The Standing Committee on Finance and the Select Committee on Finance met to consider and adopt the of Committee Report on the Revised Fiscal Framework. Members debated the phraseology of some sections of the report and debated whether the report was an accurate reflection of what other input had been ...
Finance Standing Committee
Revised Fiscal Framework: public hearings
28 Oct 2014
A joint meeting of the Standing and Select Committees on Finance heard briefings from the Financial and Fiscal Commission (FFC), the Parliamentary Budget Office (PBO), and the SA Reserve Bank (SARB) on the revised fiscal framework.
The Financial and Fiscal Commission (FFC) presentation gave an overview of the Medium Term ...
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 ...
NCOP Finance
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 ...
NCOP Finance
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 ...
NCOP Finance
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 ...
NCOP Appropriations
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 ...