Support economic growth and development, good governance, social progress and
rising living standards through the accountable, economical, efficient,
equitable and sustainable management of public finances, maintenance of
macroeconomic and financial sector stability, and effective financial
regulation of the economy.
National Treasury’s legislative mandate is based on chapter 13, section 216(1)
of the Constitution, which calls for the establishment of a national treasury
to ensure transparency, accountability and sound financial controls in the
management of the country’s public finances. This role is further elaborated
in the Public Finance Management Act (1999). The department is mandated to:
promote national government’s fiscal policy and the coordination of its macroeconomic policy
ensure the stability and soundness of the financial system and financial services
coordinate intergovernmental financial and fiscal relations
manage the budget preparation process
enforce transparency and effective management in respect of revenue and expenditure, assets and liabilities, public entities, and constitutional institutions.
The Estimates of National Expenditure (ENE) sets out the detailed spending plans of each government department for the coming year.
National Treasury, departments and commitees are busy with different things depending on the time of year: