Public Service Commission Act, 1997
R 385
Money Bills Amendment Procedure and Related Matters Act, 2009 (Act No. 9 of 2009)6. Medium Term Budget Policy Statement |
| (1) | At least three months prior to the introduction of the national budget, the Minister must submit to Parliament a medium term budget policy statement. |
| (2) | The medium term budget policy statement must include— |
| (a) | a revised fiscal framework for the financial year in which the statement is tabled and the proposed fiscal frameworks for the next three financial years; |
| (b) | an explanation of the macro-economic and fiscal policy position, the macro-economic projections and the assumptions underpinning the fiscal framework; |
| (c) | the spending priorities of national government for the next three financial years; |
| (d) | the proposed division of revenue between the spheres of government for the next three financial years; |
| (e) | the proposed substantial adjustments to conditional grant allocations to provinces and municipalities, if any; and |
| (f) | a review of actual spending by each national department and each provincial government between 1 April and 30 September of the financial year in which the statement is tabled. |
[Section 6(2) substituted by section 5(a) of Notice No. 17, GG 42170, dated 17 January 2019]
| (3) | A House must refer matters referred to in subsection (2)(a) and (b) to its committee on finance. |
[Section 6(3) substituted by section 5(a) of Notice No. 17, GG 42170, dated 17 January 2019]
| (4) | A House may require its committee on finance to consult with any other committee in considering matters referred to it. |
| (5) | Each committee on finance must, within 15 days after the tabling of the medium term budget policy statement or as soon as reasonably possible thereafter, report to the National Assembly or the National Council of Provinces, as the case requires, on the proposed fiscal framework for the next three financial years, which report may be consolidated with the report referred to in section 12(7). |
[Section 6(5) substituted by section 5(b) of Notice No. 17, GG 42170, dated 17 January 2019]
| (6) | The report may include recommendations to amend the proposed fiscal framework. |
[Section 6(6) substituted by section 5(b) of Notice No. 17, GG 42170, dated 17 January 2019]
| (7) | A report referred to in subsection (5) must be submitted to the Minister within seven days after its adoption by a House or as soon as reasonably possible thereafter. |
[Section 6(7) substituted by section 5(b) of Notice No. 17, GG 42170, dated 17 January 2019]
| (8) | A House must refer matters concerning subsection (2)(c), (d), (e) and (f) to its committee on appropriations and may, in addition, refer matters concerning subsection 2(f) to any other committee. |
[Section 6(8) substituted by section 5(b) of Notice No. 17, GG 42170, dated 17 January 2019]
| (9) | A House may require its committee on appropriations to consult with any other committee in considering matters referred to it. |
| (10) | Each committee on appropriations must, within 30 days after the tabling of the medium term budget policy statement submit or as soon as reasonably possible thereafter, submit a report to the National Assembly or the National Council of Provinces, as the case requires, on the proposed division of revenue and the conditional grant allocations to provinces and municipalities. |
[Section 6(10) substituted by section 5(c) of Notice No. 17, GG 42170, dated 17 January 2019]
| (11) | A report referred to in subsection (10) may include a recommendation to amend the proposed division of revenue. |
[Section 6(11) substituted by section 5(c) of Notice No. 17, GG 42170, dated 17 January 2019]
| (12) | A report referred to in subsection (10) must be submitted to the Minister within seven days after its adoption by a House or as soon as reasonably possible thereafter. |
[Section 6(12) substituted by section 5(c) of Notice No. 17, GG 42170, dated 17 January 2019]
