The National Assembly passes the 2021 Appropriation Bill
4 June 2021
The National Assembly has at its hybrid plenary sitting this afternoon adopted the Special Appropriation Bill and Appropriation Bill.
The Appropriation Bill officially allocates money from the National Revenue Fund (NRF) to provide for requirements of the state for the 2021/22 financial year as required by Section 213 of the Constitution and section 26 of the Public Finance Management Act (PFMA).
The national budget of R1.3 trillion for the 2021/22 financial year was tabled on 24 February 2021 by the Minister of Finance together with the Bill and referred to the Standing Committee on Appropriation for consideration.
The committee considered the bill and noted that the 2021/22 budget is centred on two government’s medium-term policy priorities of promoting economic recovery and returning public finances to a sustainable path. It focuses on narrowing the budget deficit whilst stabilising the debt-to-gross domestic product (GDP) ratio by moderating spending and reducing the public-sector wage bill. The committee further noted that while the budget shows continued exercise of restraint on spending growth over the medium term, nearly R3 trillion or 56.6 per cent of public funds are allocated to learning and culture, health and social development. The budget also funds a free Covid-19 vaccination programme.