11/15/2013. Parliamentary Budget Office Presenter: Sduduzo Mncwango. Contents
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1 Parliamentary Budget Office Presenter: Sduduzo Mncwango Contents Parliamentary Budget Office in context Implementation of the Money Bills Amendment Procedure and Related Matters Act 2009 Fiscal Oversight Research: Parliamentary Budget Offices and Fiscal Oversight Functions: Parliamentary Budget Office South Africa - Geared to deliver on its mandate Structure 2 1
2 Money Bills Amendment Procedure and Related Matters Act 2009 Objective: to provide for procedure to amend money bills before Parliament and for norms and standards for amending money bills before provincial legislatures and related matters This gives effect to section 77(3) of the Constitution All money Bills must be considered in accordance with the procedure established by section 75. An Act of Parliament must provide for a procedure to amend money Bills before Parliament Section 15 of the Act establishes a Parliamentary Budget Office 3 Objective of the PBO (section 15 (1) of Act) To provide independent, objective and professional advice and analyses to Parliament on matters related to the budget and other money bills To support the implementation of the Money Bills Act by undertaking research and analysis for the committees referred to in section 4, including: reviews and analysis advice and analysis on proposed amendments reports tabled and adopted in a House with budgetary implications abreast of policy debates unfunded mandates 4 2
3 Preparations for PBO Establishment First phase: establishment of the Finance and Appropriations Committees process of considering and adopting the Fiscal Framework process of compiling Budgetary Review and Recommendation Reports(BRRR) the response by the Minister of Finance to these recommendations at the tabling of the budget 5 Preparations for PBO Establishment Second phase: Study visits Research Seconded specialist 6 3
4 Fiscal oversight Fiscal oversight is a function performed by legislatures to promote wise stewardship of public resources and efficient service delivery Involves Legislature oversight of following key areas: Government expenditure Government borrowing Tax Regulation 7 Fiscal Oversight 2 imperatives for Legislature oversight: Fact that country s budgeting system is key for attaining objectives Economic success depends on ability of Govt to employ limited resources with maximum effect 8 4
5 Fiscal Oversight Budget systems have 3 basic functions: Maintain fiscal discipline Ensure allocative efficiency i.e. resource allocation in line with govt priorities Promote delivery efficiency which means the leastcost provision of public services 9 International Trends Internationally, there has been a growth in the number of independent Parliamentary Budget Offices, due to the emergence of more democratic governments and the subsequent rise in multiparty forms of government Legislatives generally lack technical, analytical capacity and information Limited Legislative oversight often leads to poor fiscal outcomes PBOs have improved legislators ability to interpret, review and make better decisions on Budget process Recommend that more assertive parliaments need more expert staff to meet their greater information needs Research on the impact of newly established PBOs show most had improved legislators ability to interpret, review and make sound judgments related to the budget 10 5
6 What do PBOs do? evidence-based budget analysis economic forecasts fiscal projections examine proposals impact of alternative spending policies 11 Lessons for SA PBO Budget transparency (Parliament & Civics) Enhance credibility of budget process Increase accountability Discipline in public spending Capacitate Parliament to exercise oversight functions 12 6
7 PBO Functions Defined Economic Stream Public Finance Stream Public Policy Stream Functions Macroeconomic evaluation Microeconomic evaluations Policy analysis Economic projections Spending trends review and Policy implementation Tax review and analysis analysis analysis Fiscal Framework review and Spending projections Outcomes analysis vs analysis Baseline studies spending trends Provide advice of proposed amendments to the Fiscal Framework Provide advice and analysis on proposed amendments to the DOR Bill and the Appropriation Monitor policy proposals with financial implications Fiscal projections Bill Monitor policy debates Revenue studies DOR Bill review and analysis and development in key Appropriation Bill review and analysis expenditure and revenue areas Monitor legislative proposals with financial implications - Bill costing Policy Evaluation Monitor reports adopted by the Houses with financial implications Monitor committee reports adopted by a House with financial implications 13 HIGH LEVEL STRATEGIC FUNCTIONS of PBO Executive Authority NA and NCOP Committees Specialist Support ACTIVITIES Reviews and Analysis/Advice and Analysis on proposed amendments/reports tabled and adopted in a House with budgetary implications/keep abreast of policy debates/monitoring unfunded mandates INPUTS - METHODOLOGY Micro and Macro Evaluations/Economic Projections/Fiscal Framework and Review/Revenue Studies/ Spending Projections/Review of Appropriations Bill/Monitor committee reports/monitor reports adopted by the House with Financial Implications FUNCTIONAL Analyses/Reports/ Assessments/ Expenditure Projections/ Research on trends in baseline allocations across government departments etc (as per mandate) Core Activities Secondary Activities INPUTS As per Service Level Agreement (between PBO and LOD) PBO FUNCTIONAL Specialised Capacity Support Committees Unit Researchers Unit RESOURCES Committee Secretary Committee Assistant Content Advisor FUNCTIONAL Procedural Advice House Rules Advice Advice on Specialised Content Administrative Support Strategic Support RESOURCES Researchers Senior Researchers Chief Reasearcher FUNCTIONAL Strategic Support Analyse Reports/ Sectors/Budget 14 7
8 Interface with external stakeholders 15 Organogram Director Executive Assistant Office Manager Deputy Director: Economics Deputy Director: Public Finance Deputy Director: Public Policy 2 Economic Analysts 2 Public Finance Analysts 2 Policy Analysts 16 8
9 Thank you 17 9
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