Eastern Cape conducts public hearings on Division of Revenue Bill, 18 Apr

The Eastern Cape Provincial Legislature Portfolio Committee on Finance will conduct public hearings on the Division of Revenue Bill at the Raymond Mhlaba Chamber, Bhisho on Monday, 18 April 2016 at 10h00.  Relevant stakeholders are expected to voice their views on the Bill.

The objectives of the Bill are to provide for:

• the equitable division of revenue raised nationally among the three spheres of government
• the determination of each province’s equitable share of the provincial share of that revenue
• other allocations to provinces, local government or municipalities from the national government’s share of that revenue and conditions of which these allocations are made
• to promote predictability and certainty in respect of all allocations to provinces and municipalities, in order that provinces and municipalities may plan their budget over a multi-year period and hereby promote better coordination between policy, planning and budgeting
• to promote transparency and accountability in the resource allocation process, by ensuring that all allocations, except Schedule 6 allocations, are reflected on the budgets of provinces and municipalities and the expenditure of conditional allocations in reported on by the receiving provincial departments and municipalities.

Copies of the Bill may be obtained from the Committee Coordinator at 072 204 7466 or by email at smqikela@ecleg.gov.za and may also be downloaded from the Legislature website at www.eclegislature.gov.za / Twitter: @eclegislature.

Members of the media are also invited to be part of this public hearing. For more information and interviews, please liaise with Ms Buli Ganyaza on 071 642 3490.