Fiscal Responsibility Bill B5-2020

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b5-2020fiscalresponsibility.pdf 166.54 KB

The Fiscal Responsibility Bill B5-2020 aims:

  • To promote fiscal responsibility by obligating the Republic of South Africa to reduce its debt levels and its exposure to debt;
  • to introduce fiscal rules for the management of debt and government guarantees;
  • to provide for reporting requirements;
  • to provide for the review of the fiscal rules;
  • to provide for certain exemptions from the fiscal rules;
  • to increase transparency and fiscal responsibility;
  • and to provide for matters connected therewith.

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