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 2018/2019 Budget.

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) 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 Wednesday, 28 February 2018.

Submissions and your indication to make oral presentation must be received by no later than 12:00 on Monday, 26 February 2018.

Comments can be emailed to Mr Allen Wicomb at [email protected] and Ms Teboho Sepanya at [email protected] (Standing Committee on Finance) and Mr Zolani Rento at [email protected] by no later than Wednesday, 28 February 2018

Enquiries can be directed to Mr Allen Wicomb on tel (021) 403-3759 / Ms Teboho Sepanya on tel (021) 403-3714 / Mr Zolani Rento on tel (021) 403-8071

Copies of the Fiscal Framework and Revenue Proposals are available at http://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).