The vision of the department is: Be the centre of excellence in financial and fiscal management in the country.
The department’s mission is: To enhance the KwaZulu-Natal Provincial Government’s service delivery by responding to the expectations of all stakeholders in the value chain as a key driver through:
Optimum and transparent allocation of financial resources while enhancing revenue generation and financial management practices in compliance with applicable legislation and corporate governance principles.
Competent and dedicated employees who are at the centre of ensuring best value to their stakeholders.
The core functions of the department include the following:
Estimates of Provincial Revenue and Expenditure
Mobilisation of funds for the provincial government.
Allocation of fiscal resources to provincial departments.
Preparation of annual and MTEF budgets.
Province-wide cash management.
Provincial financial management in terms of the PFMA and MFMA through:
Budget monitoring and reporting.
Financial systems maintenance.
Provision of advice on procurement policies and procedures in provincial government.
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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