Fiscal Framework And Revenue Proposals

The Standing Committee on Finance and the Select Committee on Finance invites you to submit written submissions on the Fiscal Framework and Revenue Proposals that will be tabled together with the 2015/2016 Budget on 25 February 2015.  

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- 

(a)    estimates of all revenue, budgetary and extra-budgetary specified separately, expected to be raised during that financial year;

(b)    estimates of all expenditure, budgetary and extra-budgetary specified separately, for that financial year;

(c)    estimates of borrowing for that financial year;

(d)    estimates of interest and debt servicing charges; and

(e)    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 04 March 2015.
 
Please note submissions and requests to make oral presentation must be received by  no later than 12:00 on Monday, 02 March 2015. 

Comments can be directed to the Committee Secretaries, Mr Allen Wicomb (Standing Committee on Finance) at [email protected]  and Mr Zolani Rento (Select Committee on Finance) at [email protected] by no later than 12:00 on Monday, 02 March 2015.

Enquiries can be directed to Mr Allen Wicomb on tel (021) 403-3759 or Mr Zolani Rento (021) 403-8071

Copies of the Fiscal Framework and Revenue Proposals will be available on 25 February 2015 at www.treasury.gov.za

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