Provincial Treasury

KwaZulu-Natal Department Budget for 2017-18

Vision

The vision of the department is: Be the centre of excellence in financial and fiscal management in the country.

Mission

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.

Core functions

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.

  • Internal audit.

  • Provincial financial management in terms of the PFMA and MFMA through:

  • Budget monitoring and reporting.

  • Financial accounting.

  • Financial systems maintenance.

  • Provision of advice on procurement policies and procedures in provincial government.

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