The Financial and Fiscal Commission (“the Commission”) is a permanent, independent and impartial State Organ established in terms of the Constitution of the Republic of South Africa Act No. 108 of 1996 as amended.
It functions in terms of the Financial and Fiscal Commission Act No. 99 of 1997 as amended and its primary mandate is to make recommendations on the equitable division of revenue between and among the three spheres of government and to provide advice to organs of State on any other financial and fiscal matters. In terms of Section 3 (2)(b)(i) of the Financial and Fiscal Commission Act, the latter may be provided by the Commission at its own accord or initiative or on request by organs of state.
The Commission tabled a report, “Exploring Alternative Finance and Policy Options for Effective and Sustainable Delivery of Housing in South Africa”, on the 18th October 2013. The Commission’s report presents the challenges facing the Human Settlements Sector pertaining to the delivery of houses and the ever growing housing backlog. It further seeks to propose solutions and types of interventions government needs to explore to address this immense challenge.