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Finance Standing Committee
2019 Revised Framework: response by National Treasury to public submissions
8 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces met jointly to received the National Treasury’s response to the public submissions on the 2019 Medium Term Budget Policy Statement (MTBPS).
Three main areas of discussion were identified: economic growth and revenue forecasts, fiscal sustainability, and general ...
Finance Standing Committee
2019 Revised Fiscal Framework and Revenue Proposals: public hearings
6 Nov 2019
The Finance Committees of the National Assembly and the National Council of Provinces held a joint public hearing to receive submissions on the Medium Term Budget Policy Statement (MTBPS).
The Congress of South African Trade Unions (COSATU) told the committees that it found the MTBPS “shockingly weak and inadequate". Government ...
Finance Standing Committee
2019 MTBPS: PBO & FFC briefing
5 Nov 2019
Members of the Finance and Appropriations Committees heard opposing views on what should be done to restore the country’s finances when they were briefed on the Medium Term Budget Policy Statement (MTBPS) by the Financial and Fiscal Commission (FFC) and the Parliamentary Budget Office (PBO).
In its presentation, the FFC ...
Finance Standing Committee
Medium Term Budget Policy statement: Minister & National Treasury remarks
31 Oct 2019
The Finance and the Appropriations Committees of the National Assembly and National Council of Provinces, as well as provincial committee members, met with the Minister of Finance and National Treasury for a preliminary discussion on the Medium Term Budget Policy Statement which the Minister had delivered to Parliament the previous ...
NCOP Appropriations
Special Appropriation Bill [B10-2019]: Committee Report
23 Oct 2019
The Eskom Appropriation Bill was adopted by the National Assembly (NA) on 22 October, and the Opposition party argued that the National Council of Provinces (NCOP) was being coerced into adopting the Bill so soon after the NA -- on the following day. It was submitted that the Bill process ...
NCOP Finance
State of Local Government Finances and Financial Management: National Treasury briefing
15 Oct 2019
National Treasury briefed the Select Committee on the state of local government and financial management as at 30 June 2018, and said there had been a decrease in clean audits. They bemoaned the lack of consequences for transgressions and irregularities. The environment had become more difficult for auditors and other ...
Standing Committee on Appropriations
Special Appropriation Bill: National Treasury on Eskom conditions; FFC submission on 2020-21 Division of Revenue
9 Oct 2019
The Standing and Select Committees on Appropriations met for a briefing by the National Treasury on conditions attached to the Eskom Special Appropriation Bill. The Financial and Fiscal Commission (FFC) also gave a briefing on its submission on the 2020-2021 Division of Revenue.
The National Treasury, during its presentation on ...
NCOP Finance
Money Bills and Related Matters Act: Parliamentary legal services & Parliamentary Budget Office briefings
8 Oct 2019
Money Bills Amendment Procedure And Related Matters Amendment Act
The Committee received two briefings on the Money Bills and Related Matters Act and how it relates to its work.
A Parliamentary Legal Advisor explained that the Money Bills and Related Matters Act of 2009 gives effect to section 77(3) of ...
NCOP Appropriations
Special Appropriation Bill [B10-2019]: Financial and Fiscal Commission & Parliamentary Budget Office briefings
18 Sep 2019
The Committee was briefed by the Parliamentary Budget Office and the Financial and Fiscal Commission on the Special Appropriation Bill.
The PBO highlighted the unsustainable financial position in which Eskom finds itself. The Bill empowers the Minister of Finance to impose conditions on Eskom before and after an amount or ...
Standing Committee on Appropriations
Special Appropriation Bill [B10-2019]: public hearings
11 Sep 2019
The joint Standing and Select Committees on Appropriations heard a wide range of views from three organisations -- the Organisation Undoing Tax Abuse (OUTA), the Congress of South African Trade Unions (COSATU) and the Alternative Information Development Centre (AIDC) -- on the impending promulgation of the Special Appropriations Bill, which ...