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) 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: