NCOP approves Appropriation Bill and Eskom debt relief amendment
These legislative measures pave the way for government funding and address the financial woes plaguing Eskom, a central player in the nation's energy landscape.
The Appropriation Bill holds a critical position within the national budget framework. Under Section 27(1) of the Public Finance Management Act, the Minister of Finance is obligated to table the annual budget before the National Assembly prior to the commencement of each financial year.
This year's National Budget, encompassing both the Appropriation Bill and the Eskom Debt Relief Bill, was introduced in May. It follows the recent approval of the Bill in the National Assembly last week, subsequently sending it to the Select Committee on Appropriations for further consideration before returning to the NCOP for final adoption.
This crucial Bill authorises the government to utilise public funds across various departments and entities, enabling them to provide essential services and invest in infrastructure projects and social programmes such as healthcare, education, and social grants.
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