2023 Fiscal Framework and Revenue Proposals

Call for comments opened 15 February 2023 Share this page:

Submissions are now closed (since 27 February 2023)

Finance Standing Committee

The Standing Committee on Finance and the Select Committee on Finance invites you to submit written submissions on the Fiscal Framework and Revenue Proposals by no later than 12:00 on Monday, 27 February 2023.

Those who want to make submissions at public hearings on Wednesday, 1 March 2023 should specifically request this. These hearings will be conducted through Zoom.

2023 Budget Speech & Key Documents

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- 

  1. estimates of all revenue, budgetary and extra-budgetary specified separately, expected to be raised during that financial year;
  2. estimates of all expenditure, budgetary and extra-budgetary specified separately, for that financial year;
  3. estimates of borrowing for that financial year;
  4. estimates of interest and debt servicing charges; and
  5. 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.

Submissions can be emailed to Mr Allen Wicomb at awicomb@parliament.gov.za and Ms Teboho Sepenya at tsepanya@parliament.gov.za or Mr Nkululeko Mangweni at nmangweni@parliament.gov.za by no later than 12:00 on Monday, 27 February 2023

Enquiries can be directed to Mr Allen Wicomb on tel (021) 403-3759 or Ms Teboho Sepenya on tel (021) 403-3738 or Mr Nkululeko Mangweni on tel (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).