To provide strategic leadership in financial and fiscal matters to ensure sustainable and nclusive social and economic development of the people ofGauteng so that all may enjoy value for money services of the highest quality.
We are an activist Treasurt that enables and promotes quality service delivery for the ciizens of Gauteng through:
Sustainable financing and funding that ebsures developmentally focused allocation of resources an dinnovative revenue generation;
Efficient cash management that ensure sustainable liquidity levels in the province;
Effective financial management and reporting that ensures responsible stewardship and transparent resource utilisation and expediture;and
A well-structured governance framework that ensures accountability,transparency and fiscal discipline in line with statutory obligations.
The functions of the Gauteng Provincial TReasury (GPT) are described in the Public Finance Management Act (PFMA,1999) and the Municipal Finance Management Act (MFMA,2003).These canbe summarised as follows:
To manage the budget allocation for the Gauteng Provincial Government;
To ensure the instilling of fiscal discipline and corporate governance in the province;
to ensure the effective and efficient utilisation of resources-value for oney and compliance with all relevant legislation;
To develop,implement and monitor compliance withcorporate governance norms and standards realing to provincial and local government;and
To ensure adequate financial accountability.
The Estimates of Provincial Revenue and Expenditure (EPRE) is a book published along with the tabling of the budget for the new financial year.
A department's programmes are the activities that it spends money on during the financial year. Different programmes have different expenditure budgets, depending on their requirements and available finances. More detail on the programmes is available in the department's Estimates of Provincial Expenditure documents.
Each chart shows the budgeted spending by each sub-programme of that programme.
Each chart shows the budgeted spending by economic classification under that Programme.
Each chart shows the budgeted spending of each Programme under that Economic Classification.
The Adjusted Estimates of Provincial Revenue and Expenditure (AEPRE) is a book published along with the tabling of the adjusted budget.
Budgeted and actual expenditure/allocations for a department can increase or decrease from year to year. Changes in expenditure for a department can be because of changes in the activities of the department, because of changes in priorities between departments, because of cost efficiencies or because of increases in the price of goods and services due to inflation.
The chart shows the department’s actual expenditure for past years, and budgeted expenditure for the current year and the upcoming three years of the medium-term expenditure framework (MTEF). By adjusting these numbers to take inflation into account, it is possible to determine if a department’s expenditure is really increasing or decreasing in real terms, as compared to the rest of the economy.
Previous financial years indicate actual expenditure while upcoming financial years indicate estimated expenditure:
Compare the adjusted appropriation to the main appropriation to see whether changes were made in the adjustments budget to the appropriations set out in the budget. The audited outcome shows what was actually spent.
Note: Direct charges against the National Revenue Fund are excluded.
Compare the amount of budget allocated to each of this deparment’s programmes at each phase in the process leading up to the Audited Outcome
National Treasury, departments and commitees are busy with different things depending on the time of year:
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