Budget Speech

The 2022 Tax Administration Laws Amendment Bill;; The Revised Fiscal Framework;; The 2022 Adjusted Estimates of National Expenditure; and; The 2022 Medium Term ...

Thank you to the Deputy Minister of Finance, and the National Treasury team, led by the Acting Director-General. 11 of those cases are recommendations explicitly for SARS to execute and 8 have been finalised and the others are under investigation. Similarly, the Parliamentary Committees of Finance and Appropriations, I express my sincere appreciation. - The new Preferential Procurement Regulations of 2022, replacing the now invalid Regulations of 2017, will be promulgated in November 2022 to be effective from 16 January 2023. We are working closely with the Presiding officers of Parliament to restore and rebuild our Parliament. This the golden thread that runs through our Constitution and this Medium-Term Budget Policy Statement. Transnet is allocated R2.9 billion to ensure the return of out-of-service locomotives. - Continuation of a non-pensionable cash allowance for the current financial year. Among other things, this means that we are proposing that no budget reductions are implemented in the 2023 Budget. We need to decrease our debt burden and debt-service costs by reducing our annual deficits. In telecommunications, the auction of high-value broadband spectrum has been completed. These were made worse by the outbreak of the Russia-Ukraine conflict.