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Podcast: The Daily Discourse
Episode: Unpacking the Fiscal Framework process in Parliament
Description: As the National Assembly and National Council of Provinces prepare for their Easter break, we thought to revisit and reflect on the fiscal framework process that has unfolded before our eyes in recent weeks. We wanted to reflect on the responsibilities the standing committee on finance in parliament in facilitating the process of establishing a report and passing the budget. The framework establishes economic policy and revenue projections and sets the overall limits for government spending. The fiscal framework report is established through a multi-stage process involving economic projections, revenue estimates, expenditure planning, and parliamentary scrutiny. This...