The Minister of Finance tabled the 2020 MTBPS (including the Second Division of Revenue Amendment Bill and the Second Adjustments Appropriation Bill) in accordance with section 6 (1) and section 12 of the Money Bills and Related Matters Act No. 9 of 2009 (as amended) (the Act).
The National Assembly’s and the National Council of Provinces’ Appropriations Committees are required, according to the Act, to consider and report on the following issues:
- the spending priorities of the national government for the next three years;
- the proposed division of revenue between the spheres of government and between arms of government within a sphere for the next three years; and
- the proposed substantial adjustments to conditional grants to provinces and local government, if any.
Minister Mboweni tabled the 2020 MTBPS before Parliament in terms of section 28 of the Public Finance Management Act (PFMA) 1 of 1999, which requires the Minister to table multi-year budget projections for revenue, expenditure and key macro-economic projections on an annual basis.
The Minister will also meet his obligation under section 6(1) of the Money Bills Amendment Procedure and Related Matters Act 9 of 2009, which requires of him to submit the MTBPS to Parliament.
The committees will hold virtual public hearings on Wednesday, 04 November 2020.
Interested parties should submit written submissions by no later than 12:00 noon on Monday, 2 November 2020, and they should also indicate on whether they would be interested to also make oral presentations.