Public Finance Management Act

E633127

South African statute public finance law

The Public Finance Management Act is a key South African law that governs how national and provincial government finances are managed, promoting transparency, accountability, and sound financial controls in the public sector.

Try in SPARQL Jump to: Surface forms Statements Referenced by

Observed surface forms (5)

Surface form	Occurrences
Public Finance Management Act (South Africa)	1
Public Finance Management Act framework	1
Public Finance Management Act, 1999	1
Public Finance Management Act, 1999 (PFMA)	1
Public Finance Management Act, 1999 (South Africa)	1

Statements (47)

Predicate	Object
instanceOf	South African statute ⓘ public finance law ⓘ
actNumber	Act No. 1 of 1999 NERFINISHED ⓘ
administeredBy	Minister of Finance of South Africa NERFINISHED ⓘ
appliesTo	constitutional institutions such as the Public Protector and Auditor-General ⓘ trading entities of national and provincial departments ⓘ
country	South Africa ⓘ
definesRoleOf	accounting authorities of public entities ⓘ accounting officers of departments ⓘ executive authorities of departments and public entities ⓘ
establishes	framework for borrowing by national and provincial governments ⓘ framework for cash management in national and provincial governments ⓘ framework for financial reporting in the public sector ⓘ framework for guarantees and other contingent liabilities ⓘ
fullName	Public Finance Management Act, 1999 NERFINISHED ⓘ
governs	National Treasury of South Africa NERFINISHED ⓘ constitutional institutions listed in the Constitution of South Africa ⓘ national departments of South Africa ⓘ provincial departments of South Africa ⓘ public entities listed in Schedules 2 and 3 of the Act ⓘ
jurisdiction	national government of South Africa ⓘ provincial governments of South Africa ⓘ
legalBasisFor	Treasury Regulations issued by the National Treasury of South Africa NERFINISHED ⓘ
linkedTo	Municipal Finance Management Act, 2003 NERFINISHED ⓘ Public Service Act of South Africa NERFINISHED ⓘ
primaryObjective	to ensure that all revenue, expenditure, assets and liabilities of government are managed efficiently and effectively ⓘ to promote accountability in the management of public finances ⓘ to promote sound financial controls in the public sector ⓘ to promote transparency in the management of public finances ⓘ to provide for the responsibilities of persons entrusted with financial management in government ⓘ to regulate financial management in the national and provincial governments ⓘ
providesFor	oversight by Parliament over national financial management ⓘ oversight by provincial legislatures over provincial financial management ⓘ
replaced	Exchequer Act, 1975 NERFINISHED ⓘ
requires	implementation of effective, efficient and transparent systems of financial and risk management ⓘ implementation of internal controls in departments and public entities ⓘ measures to prevent fruitless and wasteful expenditure ⓘ measures to prevent irregular expenditure ⓘ measures to prevent unauthorised expenditure ⓘ preparation of annual budgets by departments and public entities ⓘ preparation of annual financial statements by departments and public entities ⓘ submission of annual financial statements to the Auditor-General of South Africa ⓘ
shortName	PFMA NERFINISHED ⓘ
supportsPrinciple	efficient use of public resources ⓘ fiscal discipline in South Africa ⓘ good governance in the public sector ⓘ
yearEnacted	1999 ⓘ

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

South African Reserve Bank Act → relatedTo → Public Finance Management Act ⓘ

National Treasury → implements → Public Finance Management Act ⓘ

subject surface form: National Treasury (South Africa)

this entity surface form: Public Finance Management Act (South Africa)

National Revenue Fund → linkedLaw → Public Finance Management Act ⓘ

subject surface form: National Revenue Fund (South Africa)

this entity surface form: Public Finance Management Act, 1999 (South Africa)

National Revenue Fund → governedBy → Public Finance Management Act ⓘ

subject surface form: National Revenue Fund (South Africa)

this entity surface form: Public Finance Management Act, 1999 (PFMA)

National Revenue Fund → accountingFramework → Public Finance Management Act ⓘ

subject surface form: National Revenue Fund (South Africa)

this entity surface form: Public Finance Management Act framework

Eastern Cape provincial government departments → legalBasis → Public Finance Management Act ⓘ

this entity surface form: Public Finance Management Act, 1999