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Parliament Briefed on 2022 Appropriation Bill

May 9, 2022

National Treasury

National treasury has briefed parliament on the 2022 Appropriation Bill.

The bill was tabled in parliament in February during Budget 2022.

The bill aims to:

• appropriate money from the National Revenue Fund for the requirements of the State for the 2022/23 financial year;
• prescribe conditions for the spending of funds withdrawn for the 2023/24 financial year before the commencement of the Appropriation Act for the 2023/24 financial year; and
• provide for matters incidental thereto.

Treasury also briefed the standing committee on appropriations on the 2022 Second Adjustments Appropriation (2021/22 Financial Year) Bill.

The bill aims to:

• effect adjustments to the appropriation of money from the National Revenue Fund for expenditure approved in the 2021/22 financial year; and
• provide for matters incidental thereto.

Adjustments focus on the South African Special Risks Insurance Association and the Covid-19 vaccine programme.

Meanwhile, Phase 2 of the Southern Africa-Towards Inclusive Economic Development (SA-TIED) has been launched.

Speaking at the launch, the finance minister, Enoch Godongwana, declared that the SA-TIED programme seeks to “improve the interface between research and policy, by fostering partnerships between experienced academics and government policy specialists, to respond to key policy gaps”.

During the first phase, the programme responded to the “sudden and critical challenges created by COVID-19, as well as inform thinking on long-standing issues of inequality, poverty, and stagnating growth”.

The key areas of Phase 2 include enterprise development for job creation and growth; public revenue mobilization for inclusive development; structural transformation, labour markets and inequality dynamics; macro-fiscal analysis and policy modelling; food, energy, and water in a context of climate change and reform implementation.