Budget: MPs ask for details of mandate
Finance committee wants Jeff Radebe to explain new approach to iron out confusion on the working process of the mandate paper
Parliament’s standing committee on finance has called Minister in the Presidency Jeff Radebe to explain a mandate paper that gives his department powers over budget prioritisation instead of the Treasury. The DA has also raised concern about who is in charge of budget prioritisation. Finance Minister Malusi Gigaba is due to make his medium-term budget policy statement on Wednesday against the backdrop of a constrained fiscal environment characterised by declining tax revenue, an issue crystallised by the fact that the South African Revenue Service is projected to have a R40bn collection shortfall on a revised target. In September, Radebe outlined the details contained in the mandate paper, which is meant to guide the Treasury on the budgeting process and spending priorities. The paper identified higher education, social security and job creation as priorities. Also in September, Treasury insiders told Business Day that there was concern the mandate paper could create confusion arou...
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