2022 Revised Fiscal Framework and Revenue ProposalsCall for comments opened 20 October 2022 Share this page:
Submissions are now closed (since 31 October 2022)
The Standing Committee on Finance and the Select Committee on Finance invite you to submit written submissions on the 2022 Revised Fiscal Framework and Revenue Proposals
Submissions can be emailed to Mr Allen Wicomb at email@example.com and Ms Teboho Sepanya at firstname.lastname@example.org and Mr Nkululeko Mangweni at email@example.com by no later than 12:00 on Monday, 31 October 2022. If you intend to make an oral submission, this must be indicated.
The Minister of Finance (the Minister) tables the 2022 Medium Term Budget Policy Statement (MTBPS) before Parliament in terms of section 28 of the Public Finance Management Act 1 of 1999 (PFMA). This requires the Minister to table multi-year budget projections for revenue, expenditure and key macro-economic projections on an annual basis. The Minister will also meet his obligation under section 6(1) of the Money Bills Amendment Procedure and Related Matters Act 9 of 2009 that requires the Minister to submit to Parliament the MTBPS.
The mini-budget allows Parliament to approve departmental adjustments to their annual budgets, roll-overs, virements, shifts of funds within programmes and request additional funds for unforeseeable and unavoidable expenditure; indicates how the government intends to adjust spending estimates and update the budget and expenditure plans; Makes it possible for Parliament and the public to interact with the government's budget plans several months ahead of the budget set for February 2023; and is a mechanism to review the effective and efficient use of available resources.
The Revised Fiscal Framework presents revised projections on broad budgetary total revenue, expenditure ,and borrowing for a given year, based on current and projected economic conditions
Public hearings will be conducted virtually on Wednesday, 02 November 2022.
Enquiries can be directed to Mr Allen Wicomb on cell 071 363 2349 or Ms Teboho Sepanya on cell 061 438 9448