Fiscal Framework and Revenue Proposals

Call for comments opened 11 February 2022 Share this page:

Submissions are now closed (since 28 February 2022)

Finance Standing Committee

The Standing Committee on Finance and the Select Committee on Finance invites stakeholders and interested parties to submit written submissions on the Fiscal Framework and Revenue Proposals (also here)

The Money Bills Amendment Procedure and Related Matters Act, Act No 9 of 2009 defines the fiscal framework as follows:

the framework for a specific financial year that gives effect to the national executive’s macro- economic policy and includes

  • estimates of all revenue, budgetary and extra-budgetary specified separately, expected to be raised during that financial year
  • estimates of all expenditure, budgetary and extrabudgetary specified separately, for that financial year
  • estimates of borrowing for that financial year
  • estimates of interest and debt servicing charges; and
  • and indication of the contingency reserve necessary for an appropriate response to emergencies or other temporary needs, and other factors based on similar objective criteria.

Public hearings will be conducted at Parliament on Wednesday, 2 March 2022.

Those who want to make submissions at public hearings on Wednesday 2 March 2022 should specifically request this. These hearings will be conducted through Zoom.

Submissions and your indication to make oral presentation must be received by no later than 12:00 on Monday, 28 February 2022.

Submissions must be directed to the Committee Secretaries, Mr Allen Wicomb and Ms Teboho Sepanya (Standing Committee on Finance) and Mr Nkululeko Mangweni (Select Committee on Finance) at awicomb@parliament.gov.za / tsepanya@parliament.gov.za / nmangweni@parliament.gov.za tel. 021 403 3759 / 021 403 3738 / 021 403 3782.

Issued by Hon. MJ Maswanganyi, MP, Chairperson: Standing Committee on Finance (National Assembly) and Hon. YI Carrim, MP, Chairperson: Select Committee on Finance (National Council of Provinces).