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Finance Standing Committee
Fiscal Framework and Revenue Proposals: public hearings
4 Mar 2015
The Standing Committee on Finance and the Select Committee on Finance held a joint meeting to hear public comment by various institutions and labour federations on the Fiscal Framework and Revenue Proposals.
The South African Institute of Chartered Accountants (SAICA) commended the Finance Minister and his National Treasury team for ...
Finance Standing Committee
Fiscal framework and revenue proposals; Division of Revenue Bill: Parliamentary Budget Office briefing
3 Mar 2015
The Parliamentary Budget Office (PBO) presented under various headings:
▪ Fiscal Framework: Budget 2015 recognised that the counter-cyclical approach had reached its limits. Fiscal consolidation could no longer be postponed. The current fiscal package was designed to narrow the deficit and stabilise debt. The poor could face the effects of ...
Standing Committee on Appropriations
Division of Revenue Bill [B5-2015]; Appropriations Bill [B6-2015]: briefing
27 Feb 2015
A delegation of senior staff from the National Treasury briefed the Joint Meeting of the Select Committee on Appropriations and the Standing Committee on Appropriations on the 2015 Division of Revenue Bill and the 2015 Appropriations Bill. A joint meeting of the Select and Standing Committees on Appropriations to interrogate ...
Finance Standing Committee
2015 Budget: Minister of Finance briefing
26 Feb 2015
The Minister of Finance and a team of senior delegates from the National Treasury presented a summary of the presentation of the 2015 Budget to the joint meeting of the Select Committees on Finance and Appropriations and the Standing Committees on Finance and Appropriations. Members kept their questions short and ...
Defence
Public hearings on Defence Review
20 Feb 2015
The Joint Standing Committee on Defence held a public hearing session on the Defence Review, focusing on submissions from the Council for Scientific and Industrial Research (CSIR), Aerospace Maritime Defence (AMD) and Centre for Study of Democracy, University of Johannesburg. In the opening remarks, the Chairpersons indicated that the Defence ...
NCOP Appropriations
Conditional grants expenditure in 2014: overview and analysis
17 Feb 2015
The Committee Content Adviser and the Researcher provided the Committee with an overview of Schedule 4, 5, 6 and 7 conditional grant expenditure.
- A Schedule 4 grant was an allocation to provinces to supplement the funding of programmes or functions funded from provincial budgets. Expenditure of Schedule 4 grants ...
NCOP Finance
Taxation Laws Amendment Bill, Tax Administration Laws Amendment, Rates & Monetary Amounts and Amendment of Revenue Laws Bill: briefing
19 Nov 2014
Rates and Monetary Amounts Bill
The majority of South Africans (8.8 million) earned less than R70 000 per year and the other 6.4 million people were spread over income brackets higher than that. The estimated income for this year was R335.9 billion and a significant part of that income was paid ...
NCOP Appropriations
2014 Division of Revenue Amendment Bill [B11-2014]: final mandates
18 Nov 2014
The Committee considered final mandates from the provinces on the 2014 Division of Revenue Amendment Bill. Eight provinces - Eastern Cape, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, Northern Cape, North West and the Western Cape - all voted in favour of the Bill. The Free State was the only province whose final ...
NCOP Appropriations
2014 Division of Revenue Bill: negotiating mandates
11 Nov 2014
The Committee considered negotiating mandates from provinces on the 2014 Division of Revenue Bill. Support for the Bill was unanimous amongst the nine provinces. There were however some provinces which had made some recommendations. For example The Northern Cape Province had noted that no additional funding to provinces had been ...
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 ...