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NA Gives Green Light to Appropriation Bill

June 8, 2021

Parliament

The national assembly has passed the Appropriation Bill and sent it to the national council of provinces for concurrence.

The bill was tabled in parliament in February during Budget 2021.

The Appropriation Bill aims to:


• appropriate money from the National Revenue Fund for the requirements of the State for the 2021/22 financial year;
• prescribe conditions for the spending of funds withdrawn for the 2022/23 financial year before the commencement of the Appropriation Act for the 2022/23 financial year; and
• provide for matters incidental thereto.

The NA has also given the green light to the Special Appropriation Bill, also tabled during Budget 2021, and sent it to the NCOP.

The Special Appropriation Bill aims to:


• appropriate an additional amount of money to votes of Health and Social Development;
• effect an adjustment to an appropriation of money to the vote of Public Enterprises; and
• provide for matters connected therewith.

R1.25 billion is allocated to the health department to procure COVID-19 vaccines and implement a related COVID-19 vaccine research project; R2.826 billion is allocated to the social development department in order to fund the extension of the Special COVID-19 Social Relief of Distress Grant and allocations to the public enterprises department are adjusted to assist SAA subsidiaries with urgent funding needs.

The select committee on appropriations will process the bill.

Meanwhile, the Independent Regulatory Board for Auditors (IRBA) seeks nominations for its Inspections Committee.

The call for nominations was published in Government Gazette 44674.

According to the notice, the Committee is responsible for monitoring the process and outcomes of IRBA inspections of registered auditors in South Africa.

Members will serve a three-year term with one reappointment.

The term will commence on 1 August 2021 and terminate on 31 July 2024.

Applications are invited until 30 June 2021.

Other notices include:


• Board Notice 55 – invitation to comment on Exposure Drafts 188 to 191 issued by the International Public Sector Accounting Standards Board – comment until 1 October 2021;
• Board Notice 56 – Financial Sector Conduct Authority – proposed amendments to the EESE Rules – objections invited within 14 days of the date of publication.