The Financial and Fiscal Commission will table its Submission for the 2015/16 Division of Revenue on 30 May 2014. The Submission is made in terms of the Constitution, the Intergovernmental Fiscal Relations Act and the Money Bills Amendment Procedure and Related Matters Act.
The theme for this year’s Submission is “balancing fiscal sustainability with socio-economic impact”, a key consideration in addressing potential challenges of public debt unsustainability and high levels of poverty and inequality that the economy is facing. A much higher level of economic growth is required in order to provide the necessary revenue for government’s socio-economic programmes.
The economy requires two basic investments: in people (human capital) and in equipment and physical structures (infrastructure), as well public services that are delivered effectively and efficiently. The Commission is of the view that affordability and excellence are not incompatible and can be accomplished through improved intergovernmental relations. The Submission also focuses on dealing with challenges of financial and fiscal viability of municipalities resulting from redetermination of boundaries.
The Commission will host a media briefing on Monday
Date: Monday, 2 June 2014
Time: 9h00
Venue: Imbizo Media Centre,120 Plein Street, Parliament
NB: There’ll be a video-link up to Tshedimosetso House, cnr Francis Baard and Festival, Hatfield, PTA
Enquiries:
Henry Eksteen
E-mail: henrye@ffc.co.za
Cell: 082 363 2215
Tel: 021 487 3780/ 88
