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Public Finance Management Act No. 1 of 1999 and Regulations

The Public Finance Management Act, No. 1 of 1999 and Regulations regulate the management of finances in national and provincial government.

Publication Language: English
Print
R399.00
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In Stock
ISBN/ISSN: 9780409010756

Product details

The Public Finance Management Act, No. 1 of 1999 and Regulations regulate the management of finances in national and provincial government.

The Public Finance Management Act, No. 1 of 1999 and Regulations is published in an easy to carry A6 Pocket Book format.

It sets out the procedures for efficient and effective management of all revenue, expenditure, assets and liabilities.

It establishes the duties and responsibilities of government officials in charge of finances. The Act aims to secure transparency, accountability and sound financial management in government and public institutions.

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Table of contents

CHAPTER_1 - Interpretation, Object, Application and Amendment of this Act

Section_1 - Definitions

Section_2 - Object of this Act

Section_3 - Institutions to which this Act applies

Section_4 - Amendments to this Act

CHAPTER_2 - National Treasury and National Revenue Fund

Section_5 - Establishment

Section_6 - Functions and powers

Section_7 - Banking, cash management and investment framework

Section_8 - Annual consolidated financial statements

Section_9 - Financial statistics and aggregations

Section_10 - Delegations by National Treasury

Section_11 - Control of National Revenue Fund

Section_12 - Deposits and withdrawals by South African Revenue Services in Revenue Funds

Section_13 - Deposits into National Revenue Fund

Section_14 - Withdrawal of exclusions

Section_15 - Withdrawals and investments from National Revenue Fund

Section_16 - Use of funds in emergency situations

CHAPTER_3 - Provincial Treasuries and Provincial Revenue Funds

Section_17 - Establishment

Section_18 - Functions and powers

Section_19 - Annual consolidated financial statements

Section_20 - Delegations by provincial treasuries

Section_21 - Control of Provincial Revenue Fund

Section_22 - Deposits by provincial departments into Provincial Revenue Fund

Section_23 - Withdrawal of exclusions from Provincial Revenue Funds

Section_24 - Withdrawals from Provincial Revenue Funds

Section_25 - Use of funds in emergency situations

CHAPTER_4 - National and Provincial Budgets

Section_26 - Annual appropriations

Section_27 - National annual budgets

Section_28 - Multi-year budget projections

Section_29 - Expenditure before annual budget is passed

Section_30 - National adjustments budgets

Section_31 - Provincial adjustments budgets

Section_32 - Publishing of reports on state of budget

Section_33 - Withholding of appropriated funds

Section_34 - Unauthorised expenditure

Section_35 - Unfunded mandates

CHAPTER_5 - Departments and Constitutional Institutions

Section_36 - Accounting officers

Section_37 - Acting accounting officers

Section_38 - General responsibilities of accounting officers

Section_39 - Accounting officers' responsibilities relating to budgetary control

Section_40 - Accounting officers' reporting responsibilities

Section_41 - Information to be submitted by accounting officers

Section_42 - Accounting officers' responsibilities when assets and liabilities are transferred

Section_43 - Virement between main divisions within votes

Section_44 - Assignment of powers and duties by accounting officers

Section_45 - Responsibilities of other officials

CHAPTER_6 - Public Entities

Section_46 - Application

Section_47 - Unlisted public entities

Section_48 - Classification of public entities

Section_49 - Accounting authorities

Section_50 - Fiduciary duties of accounting authorities

Section_51 - General responsibilities of accounting authorities

Section_52 - Annual budget and corporate plan by Schedule 2 public entities and government business enterprises

Section_53 - Annual budgets by non-business Schedule 3 public entities

Section_54 - Information to be submitted by accounting authorities

Section_55 - Annual report and financial statements

Section_56 - Assignment of powers and duties by accounting authorities

Section_57 - Responsibilities of other officials

Section_58 - Repealed

Section_59 - Repealed

Section_60 - Repealed

Section_61 - Repealed

Section_62 - Repealed

CHAPTER_7 - Executive Authorities

Section_63 - Financial responsibilities of executive authorities

Section_64 - Executive directives having financial implications

Section_65 - Tabling in legislatures

CHAPTER_8 - Loans, Guarantees and other Commitments

Section_66 - Restrictions on borrowing, guarantees and other commitments

Section_67 - No provincial foreign commitments

Section_68 - Consequences of unauthorised transactions

Section_69 - Regulations on borrowing by public entities

Section_70 - Guarantees, indemnities and securities by Cabinet members

Section_71 - Purposes for which Minister may borrow money

Section_72 - Signing of loan agreements

Section_73 - Interest and repayments of loans to be direct charges

Section_74 - Repayment, conversion and consolidation of loans

Section_75 - Obligations from lien over securities

CHAPTER_9 - General Treasury Matters

Section_76 - Treasury regulations and instructions

Section_77 - Audit committees

Section_78 - Publishing of draft treasury regulations for public comment

Section_79 - Departures from treasury regulations, instructions or conditions

Section_80 - Determination of interest rates for debt owing to state

Section_81 - Financial misconduct by officials in departments and constitutional institutions

Section_82 - Financial misconduct by treasury officials

Section_83 - Financial misconduct by accounting authorities and officials of public entities

Section_84 - Applicable legal regime for disciplinary proceedings

Section_85 - Regulations on financial misconduct procedures

Section_86 - Offences and penalties

CHAPTER_10 - Accounting Standards Board

Section_87 - Establishment

Section_88 - Composition

Section_89 - Functions of Board

Section_90 - Powers of Board

Section_91 - Regulations on accounting standards of Board

CHAPTER_11 - Miscellaneous

Section_92 - Exemptions

Section_93 - Transitional provisions

Section_94 - Repeal of legislation

Section_95 - Short title and commencement

SCHEDULE_1 - Constitutional institutions

SCHEDULE_2 - Major public entities

SCHEDULE_3 - Other public entities

SCHEDULE_4 - Exclusions from revenue funds

SCHEDULE_5 - Direct charges against national revenue fund

SCHEDULE_6 - Repeal of legislation

PART_2 - PUBLIC FINANCE MANAGEMENT REGULATIONS

REG_1 - Treasury Regulations on Government Payroll Deductions GN 3098 dated 1 September 2000

REG_2 - Implementation of the National Plan for Higher Education GN 466 dated 25 May 2001

REG_3 - Regulations Made under section 91 (1) (B) of the Public Finance Management Act, 1999 GNR.1095 dated 30 October 2001

REG_4 - Regulations for Accounting Standards Board BN 60 dated 25 July 2003

REG_5 - Amendment of the Treasury Regulations in terms of section 76 GNR.225 dated 15 March 2005

REG_6 - Prescribing Standards of Generally Recognised Accounting Practice (Grap) in terms of section 91 GNR.991 dated 7 December 2005

REG_7 - National Treasury Public Finance Management Act, 1999: Prescribing Standards of Generally Accepted Municipal Accounting Practice (GAMAP) in terms of section 91 GNR.992 dated 15 December 2005

REG_8 - Regulations Relating to the Commission of Inquiry into Remuneration and Conditions of Service in Public Service and Public Entities Listed in Schedule 3a and 3c of the Act Proc 34 dated 19 August 2013

REG_9 - Regulations Prescribing Standards of Generally Recognised Accounting Practice GNR.551 dated 10 July 2014

NOTICE_1 - Exemptions GN 419 dated 2 April 2004

NOTICE_2 - Exemptions GN 1334 dated 19 November 2004

NOTICE_3 - Borrowing limits GN 753 dated 29 July 2005

NOTICE_4 - Rate on the interest on Government Loans GN 1855 dated 29 December 2006

N OTICE_6 - Directive: Public Finance Management Act GN 647 dated 25 May 2007

NOTICE_7 - Borrowing Limits GN 686 dated 3 August 2007

NOTICE_8 - Rate on interest on government loans GN 1802 dated 13 December 2007

NOTICE_9 - Rate on the interest on government loans GN 41 dated 18 January 2008

NOTICE_10 - Ministerial Committee on progress towards transformation and social cohesion and the elimination of discrimination in public higher education institutions GN 441 dated 11 April 2008

NOTICE_11 - Rate on the interest on Government loans GN 830 dated 4 July 2008

NOTICE_12 - Rate on the interest on Government loans GN 179 dated 20 February 2009

NOTICE_13 - Rate on the interest on Government loans GN 392 dated 24 April 2009

NOTICE_14 - Rate on the interest on Government loans GN 453 dated 15 May 2009

NOTICE_15 - Delegated Powers of the Department of Correctional Services: Procurement and Provisioning of Goods, Works and Services GN 582 dated of 29 May 2009

NOTICE_16 - Rate of interest on Government loans GN 619 dated 29 May 2009

NOTICE_17 - Rate of Interest on Government Loans GN 935 dated 3 July 2009

NOTICE_18 - Borrowing limits GN 1197 dated 18 December 2009

NOTICE_19 - Borrowing powers of state owned entities listed under Schedule 3, Part B of the Act GN 345 dated 7 May 2010

NOTICE_20 - Rate of interest on Government loans GN 365 dated 7 May 2010

NOTICE_21 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act GN 472 dated 4 June 2010

NOTICE_22 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act GN 473 dated 4 June 2010

NOTICE_23 - Exemptions GN 1202 dated 17 December 2010

NOTICE_24 - Rate of interest on Government loans GN 3 dated 7 January 2007

NOTICE_25 - Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 91 GN 80 dated 2 February 2007

NOTICE_26 - Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 91 GN 81 2 February 2011

NOTICE_27 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act GN 114 dated 18 February 2011

NOTICE_28 - Prescribing Standards of Generally Recognised Accounting Practice (GRAP) GN 218 dated 11 March 2011

NOTICE_29 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act GN 601 dated 22 July 2011

NOTICE_30 - State Security Agency: Notice in terms of section 92 GN 615 dated 29 July 2011

NOTICE_31 - Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 91 GN 719 dated 14 October 2011

NOTICE_32 - Exemptions GN 115 dated 17 February 2011

NOTICE_33 - Notice in terms of section 92 of the Act GN 300 dated 13 April 2012

NOTICE_34 - Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 91 GN 314 dated 20 April 2012

NOTICE_35 - Limits on the issuance of guarantees, indemnities and securities GN 408 dated 25 May 2012

NOTICE_36 - National Treasury: Exemption in terms of section 92 – Special Defence Account GN 563 dated 23 July 2012

NOTICE_37 - Authorisation for Rand Water to issue a guarantee to Eskom and to enter into finance lease transac-tion with Eskom GNR.668 dated 23 August 2012

NOTICE_38 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act: Mhlathuze Water GN 256 dated 5 April 2013

NOTICE_39 - Approval that one set of annual financial state-ments and annual report for 2012/13 was pro-duced GN 362 dated 24 May 2013

NOTICE_40 - Exemption: Industrial Development Corporation of South Africa Limited GN 450 dated 28 June 2013

NOTICE_41 - Borrowing powers of Water Boards listed under Schedule 3, Part B of the Act GN 502 dated 19 July 2013

NOTICE_42 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act: Sedibeng Water GN 756 dated 11 October 2013

NOTICE_43 - Borrowing powers of water boards listed under Schedule 3, Part B of the Act: Pelladrift Water GN 757 dated 11 October 2013

NOTICE_44 - Exemption in terms of section 92 – Consolidated Financial Statements GN 802 dated 18 October 2013

NOTICE_45 - Exemption in terms of section 92: Special Defence Account GN 911 dated 29 November 2013

NOTICE_46 - Exemption of Telkom SA SOC Limited from provisions of the Act GN 985 dated 13 December 2013

NOTICE_47 - Rate of interest on Government loans GN 150 dated 7 March 2014

NOTICE_48 - Authority in terms of section 66 (3) (b) in respect of PRASA's Rolling Stock Fleet Renewal Programme GN 304 dated 17 April 2014

NOTICE_49 - Borrowing powers of Water Boards listed under Schedule 3, Part B of the Act GN 424 dated 30 May 2014

NOTICE_50 - Exemption: Zastrovect Investment Proprietary Limited GN 636 dated 22 August 2014

NOTICE_51 - Exemption in terms of section 92: Centre For Public Service Innovation GN 707 dated 12 September 2014

NOTICE_52 - Exemption in terms of Section 92: Municipal Infrastructure Support Agency GN 708 dated 12 September 2014

NOTICE_53 - Rate of Interest on Government Loans GN 805 dated 19 September 2014

NOTICE_54 - Authority in terms of Section 66 (3) (D) for Ithala Development Finance Corporation to Borrow Money GN 91 dated 13 February 2015

NOTICE_55 - Authority in terms of section 66 (3) (D) for Ithala Development Finance Corporation to issue Guarantee GN 92 dated 13 February 2015

NOTICE_56 - Guarantee Powers of Public Entities listed under Schedule 3, Part B of the Act GN 484 dated 12 June 2015

NOTICE_57 - Rate of Interest on Government Loans GN 906 dated 12 September 2015

NOTICE_58 - Exemption GN 1014 dated 23 October 2015

NOTICE_59 - Rate of Interest on Governement Loans GN 1244 dated 31 December 2015

NOTICE_60 - Exemption in terms of Section 92 – Arts and Cul-ture Public Entities GN 97 dated 4 March 2016

NOTICE_61 - Rate of Interest on Government Loans GN 104 dated 11 March 2016

NOTICE_62 - Rate of Interest on Government Loans GN 259 dated 29 April 2016

NOICE_63 - Exemption in terms of Section 92– Telkom SA SOC GN 822 dated 8 July 2016

NOTICE_64 - Exeption in terms of Section 92 – Telkom SA SOC GN 824 dated 11 July 2016

NOTICE_65 - Exemption GN 866 dated 2 August 2016

NOTICE_66 - Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act GN 1028 dated 16 September

NOTICE_67 - Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act GN 1029 dated 16 September 2016

NOTICE_68 - Exemption GN 46 dated 26 January 2017