24 July 2019
The national assembly has passed the 2019 Appropriation Bill and sent it to the national council of provinces for concurrence.
The bill was tabled in parliament on 20 February as part of Budget 2019.
However, the bill was not processed prior to the completion of the fifth parliament and the May elections and was subsequently revived at the end of June 2019.
The bill aims to:
• appropriate money from the National Revenue Fund for the requirements of the State for the 2019/20 financial year;
• prescribe conditions for the spending of funds withdrawn for the 2020/21 financial year before the commencement of the Appropriation Act for the 2020/21 financial year; and
• provide for matters incidental thereto.
Earlier this month, the standing committee on appropriations called for comment on proposed amendments and technical corrections to the bill.
The amendments related to the authorisation of R17.652 billion to Eskom and technical corrections tabled by the finance minister to give effect to the revised Cabinet portfolios announced by president Ramaphosa on 29 May 2019 during the State of the Nation Address.
Speaking during national treasury’s 2019 Budget Vote Speech in parliament in July, the finance minister, Tito Mboweni, pointed out that the enactment of the bill will open the door for additional financial support to be provided to state-owned enterprises, in particular, South African Airways, South African Broadcasting Corporation and Denel.
The select committee on appropriations will now process the bill.