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Joint Standing Committee on Financial Management of Parliament
Joint Standing Committee on the Financial Management of Parliament Legacy Report
20 Mar 2019
Members considered the draft Committee Legacy Report. In doing so, they made various language and grammatical changes. Members remarked that the report should indicate that certain matters needed urgent attention of the Sixth Parliament but they should not set a timeframe to deal with those matters. The report was adopted ...
NCOP Appropriations
Division of Revenue Bill: negotiating mandates
20 Mar 2019
Eight of the nine provinces presented negotiating mandates in support of the Division of Revenue Bill. The Western Cape legislature opposed the Bill on the grounds of the high debt service costs in comparison with the allocations for service delivery as well as the allocations made to Eskom and SAA. ...
NCOP Finance
Carbon Tax Bill; Customs & Excise Amendment Bill; PIC Amendment Bill: adoption; Financial Matters Amendment Bill: briefing
19 Mar 2019
The Committee approved the Carbon Tax Bill and its accompanying Customs and Excise Amendment Bill. The imposition of a Carbon Tax would happen from 1 June this year. The Committee Report on the Bill stated that it intended to encourage a “just transition” to a lower carbon economy by setting ...
Joint Standing Committee on Financial Management of Parliament
Parliament Mid-Term performance 2018/19: briefing by Acting Secretary to Parliament
19 Mar 2019
The Joint Standing Committee on the Financial Management of Parliament was briefed on the Mid-Year Performance and Third Quarter Report of Parliament for the 2018/19 financial period.
The mid-year performance information report indicated that only 50% of the indicators that had been measured had met the target. Expenditure at ...
NCOP Finance
Carbon Tax Bill; Customs and Excise Amendment Bill & PIC Amendment Bill: public hearings
12 Mar 2019
A range of stakeholders told the Committee that they opposed the implementation of the Carbon Tax Bill. While they agreed on the need to deal with climate change, they questioned whether the Bill was an appropriate measure.
Representatives of the domestic airlines industry asked for it to be exempted from ...
Standing Committee on Appropriations
Division of Revenue Bill: public hearings; FFC & SALGA input
8 Mar 2019
The Standing and Select Committees on Appropriations held a joint sitting to receive input on the 2019 Division of Revenue Bill (B5). The Financial and Fiscal Commission (FFC), the South African Local Government Association (SALGA), the Western Cape Forum for Intellectual Disability (WCFID) and Equal Education all submitted their comments ...
Standing Committee on Appropriations
Division of Revenue Bill & Public Audit Excess Fee Bill: briefing
7 Mar 2019
Both the Standing and Select Committees on Appropriations were briefed by the National Treasury on the how the nationally collected tax revenue will be shared between the three spheres of government.
Main Budget expenditure will grow by 8% over the medium term. National departments will receive R684.7 billion this year; ...
NCOP Finance
Carbon Tax Bill; Customs & Excise Amendment Bill; PIC Amendment Bill: briefing
6 Mar 2019
The Carbon Tax would be implemented from 1 June 1 2019 by Treasury. It was part of was part of South Africa’s commitment to global efforts to reduce greenhouse gas emissions. The tax would start at a low rate of R120 per ton. However, a range of offsets and incentives ...
Finance Standing Committee
Committee Report on 2019/20 Budget
5 Mar 2019
The Standing and Select Committees on Finance met for consideration and adoption of the Report on the Fiscal Framework and Revenue Proposals. The Committees considered the report jointly and adopted it separately.
On observations and recommendations, the Committees believe that the government has managed the economy reasonably well. In ...
Finance Standing Committee
2019 Budget submissions: National Treasury response
1 Mar 2019
The Standing and Select Committees on Finance met to hear responses from National Treasury on submissions received during public hearings on the 2019 Budget. COSATU gave a brief input.
National Treasury said the Budget was formulated against the backdrop of economic ...