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 were tabled together with the 2019/2020 National Budget on 20 February 2019.

The Money Bills Amendment Procedure and Related Matters Amendment Act, Act No 13 of 2018 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 extra-budgetary specified separately, for that financial year
• estimates of borrowing for that financial year
• estimates of interest and debt servicing charges; 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 27 February 2019.

Submissions and your indication to make oral presentation must be received by no later than 12:00 on Monday, 25 February 2019.

Comments can be emailed to 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, 25 February 2019.

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

Key Budget documents:

http://www.treasury.gov.za/documents/national%20budget/2019/

Bills tabled with budget:

Draft 2019 Rates and Monetary Amounts and Amendment of Revenue Laws Bill

X-2019 | 20 Feb 2019