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NCOP Appropriations
Appropriation Bill: briefing & adoption; Committee Report on Municipal Infrastructure Grant rollovers
24 May 2016
The National Treasury noted that expenditure ceilings for the two outer years of the 2016 Medium Term Expenditure Framework (MTEF) period were reduced. Expenditure baselines were growing at the rate of 7.5% over the 2016 MTEF period. There was a drawdown on the contingency reserve within the expenditure ceiling. The ...
NCOP Finance
Gauteng Provincial Treasury on its Quarter 3 & 4 performance
11 May 2016
The National Treasury and Gauteng Provincial Treasury briefed the position on the general spending, and the spending of individual provincial departments in Gauteng in the third and fourth quarters of the 2015/16 financial years. It was noted that the Gauteng Provincial Government (GPG) underspent by R2.2 billion although over spending ...
NCOP Appropriations
Western Cape Municipal Infrastructure Grant (MIG) performance
10 May 2016
The Committee was taken through the performance record of Municipal Infrastructure Grant (MIG) expenditure by the Western Cape provincial government for the preceding five years. Situational analysis for the second quarter indicated that 6 municipalities were above 50%; 11 were between 40 and 50%, 4 were between 30 and 40%, ...
NCOP Appropriations
Division of Revenue Bill [B2-16]: final mandates
3 May 2016
Final mandates on the Division of Revenue Bill were received from seven provinces and they all approved the Bill. The minimum requirement is five provinces.
The Committee Report on the Division of Revenue Bill was considered and adopted. An important Committee recommendation was that the Department of Monitoring and Evaluation ...
NCOP Appropriations
Division of Revenue Bill [B2-2016]: public hearings
12 Apr 2016
The SALGA submission stated that there had to be increased accountability and consequences for management of limited resources by local government. Within the context of decreased allocations, SALGA argued for protection of allocations to poor and rural municipalities. The serious decline in the Municipal Systems Improvement Grant was cause for ...
NCOP Appropriations
Provincial conditional grants 3rd quarter 2015 performance: National Treasury briefing
5 Apr 2016
National Treasury provided the expenditure figures for each of the nine provinces. The required norm is 75% spent by the end of the third quarter. Percentages fell short of the required percentage in many instances. Grants where underspending was most prevalent were Agriculture; Arts and Culture; Social Development, and the ...
Finance Standing Committee
2016 Budget: Public hearings
2 Mar 2016
The joint sitting of the Standing and Select Committees on Finance heard submissions from six entities on the Revenue Laws Amendment Bill. The entities were the Congress of South African Trade Unions (COSATU), the Witwatersrand University’s School of Economics and Business Science, the Federation of Unions of South Africa (FEDUSA), ...
Finance Standing Committee
Pre-Budget presentation by Parliamentary Budget Office; South African Economic Update: World Bank briefing
17 Feb 2016
The Parliamentary Budget Office (PBO) provided pre-budget analysis of the macro-economic background and the fiscal framework for 2016, to a joint meeting attended by the Standing and Select Committees on Appropriations and the Standing and Select Committees on Finance.
The Office discussed South Africa’s difficult economic climate, noting revised downward ...
NCOP Finance
Land Bank on their Corporate Plan for 2015/16 – 2017/18 briefing
16 Feb 2016
Land Bank briefed the Committee on its Corporate Plan. It noted that it shares characteristics of both a commercial bank and a Development Finance Institution(DFI). It would be meeting in the following week to approve the final Corporate Plan, which would be subject to approval of the National Treasury (NT). ...
NCOP Finance
Progress made with regards to implementation of Memorandum of Agreement (MOA): Monitoring and Evaluation Committee (former Limpopo Administrators) briefing
2 Feb 2016
The MEC for Treasury (in Limpopo) informed the Committee that Limpopo had moved from a section 100(1)(b) intervention to section 100(1)(b) in 2014 for all five government departments, according to a Cabinet decision. There had been a R2.1 billion overdraft in December 2011, but the cash situation was currently stable. ...