South Africa’s new parliamentary budget process: an initial assessment

Abstract

Effective and transparent government budgeting is vital to any democracy. In South Africa, where there is massive poverty, inequality and unemployment despite the successful political transformation, citizens and Parliament have a particularly important role to play in shaping budget policy and overseeing its implementation. South Africa reached a crossroads in fiscal governance when it passed the Money Bills Amendment Act in 2009, a law which granted Parliament strong powers to amend the budget prepared by the executive. This publication explores the content of the new law as well as the challenges and opportunities arising from it. It also discusses the role of Parliament in ensuring pro-poor budgeting