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SOEs, government departments to present annual reports in Parliament this week

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Parliament will have another busy week as state owned entities and government departments continue to present their annual reports and financial statements for the 2020/2021 financial year.

Various pieces of legislation will be considered by the National Assembly starting Tuesday.

This week, Portfolio Committees are also expected to start compiling the Budgetary Review and Recommendation Reports (BRR) of various entities and departments that have already presented their annual reports and strategic plans last week.

The BRR will later be brought before the House to finally approve the proposed budget allocations for these entities and departments.

Deputy President David Mabuza is also expected to answer oral questions in the National Council of Provinces (NCOP) later this week.

One of the questions Mabuza will be asked during his hybrid NCOP sitting is whether he has found any evidence that indicates that voters boycotted the recent elections due to poor service delivery by government.

State-owned entities

Government says there will be no additional funding for struggling state-owned entities.

In his Mid-term Budget Policy Statement, Finance Minister Enoch Godongwana says they have proposed to maintain restraint in public expenditure.

The government will not be committing to new long-term spending in response to temporary revenue windfalls and no additional funding will be provided to state-owned companies.

In the video below, Godongwana explains his stance on ailing SOE’s not receiving bailouts anymore: 

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