South Africa: Media Release - National Assembly Pass the Second Adjustments Appropriation Bill

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At its last hybrid plenary sitting for the year, the National Assembly passed the Second Adjustments Appropriations Bill yesterday.

The Finance Minister tabled the Second Adjustments Appropriation Bill on 28 October 2020 during the presentation of the 2020 Medium Term Budget Policy Statement (MTBPS) in Parliament. The Money Bills and Related Matters Act, No. 9 of 2009 (As amended) requires the tabling of a national adjustments budget by the Finance Minister as envisaged in section 30 of the Public Finance Management Act, 1999. It provides that an adjustments appropriation Bill must be tabled with a national adjustments budget. Accordingly, the National Assembly referred the Bill to the Committee on Appropriations for consideration and report on 11 November 2020.

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