Fiscal Framework and Revenue Proposals

The Standing Committee on Finance and the Select Committee on Finance invite you to submit written submissions on the Fiscal Framework and Revenue Proposals tabled together with the 2024/2025 Budget on Wednesday, 21 February 2024.

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 expenditures, 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
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 via Zoom on Wednesday, 28 February 2024.

Those who want to make submissions at public hearings on Wednesday should specifically request this. These hearings will be conducted through Zoom. 28 February 2024

Submissions and your indication to make oral presentation must be received by no later than 12:00 on Monday, 26 February 2024.

Submissions can be emailed to Mr Allen Wicomb at [email protected] and Ms Teboho Sepanya at [email protected] and Mr Nkululeko Mangweni at [email protected] by no later than 12:00 on Monday, 26 February 2024.
 
Enquiries can be directed to Mr Allen Wicomb on tel  021 403 3759 and Ms Teboho Sepanya on tel 021 403 3738 and Mr Nkululeko Mangweni on tel 021 403 3782

Copies of the Fiscal Framework and Revenue Proposals will be available on 21 February 2024 at www.treasury.gov.za and can be accessed here

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).