National Assembly adopts Division of Revenue Bill, a key step in the national budget process [SOUND]

# The National Assembly has adopted the report of the Standing Committee on Appropriations on the Division of Revenue Bill. This marks a key step in the national budget process for the 2025/2026 financial year. The bill gives effect to the financial framework outlined in the 2025 budget, and allocates nationally raised revenue among the three spheres of government. Committee chairperson, Mmusi Maimane, says the division of nationally raised revenue balances national priorities and the fiscal realities faced by provincial and local governments: