Parliament, Friday, 14 October 2022 - The Minister of Finance, Mr Enoch Godongwana, is scheduled to deliver the Medium Term Budget Policy Statement (MTBPS) to the National Assembly at the Cape Town City Hall on Wednesday, 26 October at 14h00. On the same day, he will introduce the Adjustments Appropriation Bill.
The MTBPS plays a critical role in the overall budget process because it sets out the policy framework for the upcoming budget and provides the country and its elected representatives an update on the National Treasury's assessment of the current economic climate and outlook.
The 2022 MTBPS will describe the policy framework for the 2023 Budget and indicate any adjustments that may be recommended to Parliament regarding the current year's expenditure plans. As a statement of government policy, it will also assess and explain the trade-offs and choices that must be made to ensure stable, balanced and sustainable economic growth.
The MTBPS makes it possible for Parliament and the public to interact with the government's budget plans several months ahead of the budget in February next year. For example, Committees, with oversight over specific government departments, review these departments' delivery and the effectiveness and efficiency of their current use of available resources and future use of resources. The Budget Review and Recommendation reports must be tabled in the National Assembly (NA) before the MTBPS are adopted.
The Finance Committees and the Appropriations Committees of the NA and National Council of Provinces (NCOP) also play a critical role. Thirty days after the Minister tables the MTBPS, the Finance Committees of the two Houses must report on the proposed fiscal framework. The Appropriations Committees must also report on the proposed Division of Revenue and grant allocations to provinces and local governments. The Division of Revenue Amendment Bill is then considered.
Photographers and Journalists who are not members of the Parliamentary Press Gallery Association, wishing to cover the MTBPS to Parliament at the Cape Town City Hall are required to send their details to Mlindi Mpindi on or 081 716 7329 or at mmpindi@parliament.gov.za by Thursday, 20 October 2022 at 13:00.
Details required are: full names, ID/passport numbers, name of media organisation, designation (writer, photographer, for example), telephone numbers, and cell phone numbers.
For accreditation to the lock-up that precedes delivery of the MTPBS to Parliament, please contact National Treasury official Xoliswa Dodo on 012 315 5526 or Xoliswa.Dodo@treasury.gov.za or Jabulane.Mulambo@treasury.gov.za
DETAILS: MTBPS TO PARLIAMENT
Date: Wednesday, 26 October 2022
Time: 14.00
Venue: Cape Town City Hall
Members of the public may follow the proceedings live on Parliament TV (DSTV Channel 408), via the live stream on Parliament’s YouTube channel, Facebook and Twitter pages. Please see links below.
You may subscribe to the Parliament YouTube channel to receive instant notification of live feeds.
Twitter: https://twitter.com/ParliamentofRSA
Facebook: https://facebook.com/ParliamentofRSA
YouTube: https://www.youtube.com/ParliamentofRSA
ISSUED BY THE PARLIAMENT OF THE REPUBLIC OF SOUTH AFRICA
Enquiries: Moloto Mothapo 082 370 6930
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