The National Assembly has successfully passed the 2024 Appropriations Bill, which significantly increases social transfers by almost R50 billion. This legislative measure is designed to allocate funds from the National Revenue Fund (NRF) to cover the state’s financial needs for the 2024/25 financial year. Parliament explained that the bill addresses current financial requirements and sets out the conditions for spending the funds withdrawn for the 2025/26 financial year before the new Appropriations Act comes into force, along with related matters.
The Appropriation Bill was initially introduced by Finance Minister Enoch Godongwana during the announcement of the 2024 Budget in February. […]
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