JOINT STANDING COMMITTEE ON THE FINANCIAL

Money Bills Amendment Procedure and Related Matters Act 2018 Each house established a Committee on Appropriations to consider and report on:
Spending matters
Amendments to the Division of Revenue Bill, the Appropriation Bill, Supplementary Appropriations Bills and the Adjustments Appropriations Bill
Recommendations of the Financial and Fiscal Commission
Reports on actual expenditure published by the National Treasury
Any other related matter set out in this Act
The Act established a Parliamentary Budget Office (PBO)<br>

Money Bills and related matters Act 2018 Established the PBO as a juristic person;
The Director is the Accounting Officer of the PBO, and accountable to Parliament;
The Director, in consultation with the Advisory Board (2 House Chairpersons and 4 Chairs of Finance and Appropriations Committees) determine the structure and conditions of service of the PBO;
The transfer of funds to PBO from Parliament will be in accordance to the Financial Management Act of Parliament;
The PBO may obtain information from any organ of state or person that derives funds from the National Revenue Fund; Monday, 26 August 2019<br>

Money Bills and Related Matters Act 2018 - Core functions Undertaking research and analysis for the 4 committees (2 Finance and 2 Appropriations)
Annually providing reviews and analysis of the documentation tabled in parliament by the Minister of Finance
Providing advice and analysis on proposed amendments to the Fiscal Framework, Division of Revenue Bill and Money Bills and on policy proposals with budgetary implications
Monitoring and synthesising matters and reports tabled and adopted in a House with budgetary implications, with particular emphasis on reports by other committees
Keeping abreast of policy debates and developments in key expenditure and revenue areas
Monitoring and reporting on potential unfunded mandates arising out of legislative, policy and budgetary proposals
Undertaking any other work deemed necessary by the Director to support the implementation of the act Monday, 26 August 2019<br>

PBO Outputs Monday, 26 August 2019<br>

PBO Stakeholder Engagement Regular engagements with other units in Parliaments, and with civil society during public hearings and other platforms;
Established African Network of Parliamentary Budget Offices (AN-PBO) in 2016;
Annual AN-PBO Conferences, hosted by SA Parliament in Cape Town; 2019 to be in Accra, Ghana in September 2019;
Continuous engagements with other PBOs through the Global Network of PBO (GN-PBO) and the OECD Network of PBOs and Independent Fiscal Institutions (IFI)s;
Multilateral Institutions involved in establishing and capacitating PBOs:
International Monetary Fund (IMF)
World Bank
Organisation for Economic Co-operation and Development (OECD)
Collaborative Africa Budget Reform Initiative (CABRI)
Initiate engagements with some of the fellow BRICS countries;
AGSA, FFC, DPME, NT and other stakeholders; Monday, 26 August 2019<br>

PBO: Organisational Structure Monday, 26 August 2019<br>

PBO Workflow Monday, 26 August 2019<br>

PBO Operations 11 Operated within the Administration of Parliament under Programme 1: Strategic Leadership and Governance
All Parliamentary policies applied to the staff of the PBO
PBO developed an operational plan in terms of the legal requirements of the Money Bills Act
Quarterly feedback meetings with the Advisory Board
End-year performance reflected in the annual report of Parliament
compiled an annual report based on the operational plan annually, which are submitted to the Executive and Advisory Panel/Board
submitted quarterly expenditure and performance information to the relevant structures in Parliament<br>

PBO Challenges 12 Current operational uncertainties:
Unapproved 2019/20 Annual operational plan;
Uncertainties related to approvals of procurements and other expenditure;
Human resources related matters (including performance plans and assessments);
Compliance to Money Bills Act 2018;
Operationalisation of the Money Bills Act 2018:
Three year budget
Policies and procedures (sec 35 FMPPL)
Vacant Director
Policy Analyst<br>

Thank you PARLIAMENTARY BUDGET OFFICE
Tel: +27 403 2360
Fax: +27 402 3153 and Fax-to-Mail: +27 086 718 2531
Email: pboinfo@parliament.gov.za
Website: https://www.parliament.gov.za/parliamentary-budget-office

Location
4th Floor, Parliament Towers
103-107 Plein Street<br>