Budget & Procurement

The main aim of the Provincial Treasury’s budget vote is to focus on its core functions and responsibilities emanating from the Public Finance Management Act (PFMA) 1 of 1999, as amended, Treasury Regulation promulgated in terms of section 76 of the Act, and oversight and support functions to be executed in respect municipalities in terms of Municipal Finance Management Act, Act 56 of 2003. The budget of the Provincial Treasury comprises of four main programmes, namely:

Programme 1:  Administration

The role of this programme is to provide leadership, strategic management in accordance with legislation, regulations and policies as well as to ensure there is appropriate support service to all other programmes. The programme consists of five operational sub-programmes: office of the MEC, Office of the CEO, Corporate Services, Financial Management and Internal Audit Departmental.

Programme 2:  Sustainable Resource Management

The role of this programme is to provide professional advice and support on provincial economic analysis, fiscal policy, and the management of the annual budget process and the implementation of provincial budgets. The programme consists of five operational sub programmes; Economic Analysis, Fiscal Policy, Budget Management and Public Finance

Programme 3:  Assets and Liability Management

The role of this programme is to provide policy direction, facilitate the effective and efficient management of assets, liabilities and financial management systems. The programme consists out of two sub-programmes; Asset management, Supporting and Interlinked Financial Systems.

Programme 4:  Financial Governance

The role of this programme is to promote accountability through substantive reflection of financial activities of the province as well as compliance with financial norms and standards. The programme consists out of four sub-programmes; Accounting Services, Norms and Standards, Provincial Risk Management and Internal Audit.