National Treasury

National Department Budget for 2016-17

Vote purpose

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.

Mandate

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.

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