Wednesday, May 8, 2013

Public Finance Management Act - National Treasury

PUBLIC FINANCE MANAGEMENT ACT - National Treasury1 PUBLIC FINANCE MANAGEMENT ACT NO. 1 OF 1999 [ASSENTED TO 2 MARCH, 1999] [DATE OF COMMENCEMENT: 1 APRIL, 2000] (Unless otherwise indicated) (English text signed by the President) NATIONAL TREASURY This Act has been updated to Government Gazette 33059 dated 1 April, 2010. as amended by Public Finance Management Amendment Act, No. 29 of 1999 Local Government: Municipal Systems Act, No. 32 of 2000 Judicial Officers (Amendment of Conditions of Service) Act, No. 28 of 2003 [with effect from 1 November, 2003] Public Audit Act, No. 25 of 2004 Broadband Infraco Act, No. 33 of 2007 South African Express Act, No. 34 of 2007 Public Service Amendment Act, No. 30 of 2007 [with effect from 1 April, 2008] South

African Airways Act, No. 5 of 2007 [with effect from 13 July, 2009] Financial Management of Parliament Act, No. 10 of 2009 ACT To regulate financial management in the national government and provincial governments; to ensure that all revenue, expenditure, assets and liabilities of those governments are managed efficiently and effectively; to provide for the responsibilities of persons entrusted with financial management in those governments; and to provide for matters connected therewith. 2 [Long title substituted by s. 47 of Act No. 29 of 1999.] ARRANGEMENT OF SECTIONS [Arrangement of sections amended by s. 48 of Act No. 29 of 1999.] CHAPTER 1 INTERPRETATION, OBJECT, APPLICATION AND AMENDMENT OF THIS ACT 1. Definitions 2. Object of this Act 3. Institutions to which this Act applies 4. Amendments to this Act CHAPTER 2 NATIONAL TREASURY AND NATIONAL REVENUE FUND Part 1: National Treasury 5. Establishment 6. Functions and powers 7. Banking, cash management and investment framework 8. Annual consolidated financial statements 9. Financial statistics and aggregations 10. Delegations by National Treasury Part 2: National Revenue Fund 11. Control of National Revenue Fund 12. Deposits and withdrawals by South African Revenue Services in Revenue Funds 13. Deposits into National Revenue Fund 14. Withdrawal of exclusions 15. Withdrawals and investments from National Revenue Fund 16. Use of funds in emergency situations CHAPTER 3 PROVINCIAL TREASURIES AND PROVINCIAL REVENUE FUNDS Part 1: Provincial Treasuries 17. Establishment 18. Functions and powers 19. Annual consolidated financial statements 20. Delegations by provincial treasuries 3 Part 2: Provincial Revenue Funds 21. Control of Provincial Revenue Fund 22. Deposits by provincial departments into Provincial Revenue Fund 23. Withdrawal of exclusions from Provincial Revenue Funds 24. Withdrawals from Provincial Revenue Funds 25. Use of funds in emergency situations CHAPTER 4 NATIONAL AND PROVINCIAL BUDGETS 26. Annual appropriations 27. National annual budgets 28. Multi-year budget projections 29. Expenditure before annual budget is passed 30. National adjustments budgets 31. Provincial adjustments budgets 32. Publishing of reports on state of budget 33. Withholding of appropriated funds 34. Unauthorised expenditure 35. Unfunded mandates CHAPTER 5 DEPARTMENTS AND CONSTITUTIONAL INSTITUTIONS Part 1: Appointment of Accounting Officers 36. Accounting officers 37. Acting accounting officers Part 2: Responsibilities of Accounting Officers 38. General responsibilities of accounting officers 39. Accounting officers’ responsibilities relating to budgetary control 40. Accounting officers’ reporting responsibilities 41. Information to be submitted by accounting officers 42. Accounting officers’ responsibilities when assets and liabilities are...

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