PFMA - PUBLIC FINANCE MANAGEMENT ACT NO 1 OF 1999[ASSENTED...

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1 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.
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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
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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:
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  • Winter '16
  • none
  • Finance, Parliament, Drug control law, Drug prohibition law, Revenue Fund, National Treasury

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