Provincial Treasury

Vision To be the heartbeat of sound financial management that supports economic growth and development. Mission We strive to promote sound fiscal policy that enables financial sustainability and supports economic development. Core Function and Responsibilities The core functions and responsibilities of a Provincial Treasury are outlined in the Public Finance Management Act and the Municipalities Finance Management Act, and amongst others, entail the following: • The preparation of the provincial annual and adjustment budgets; • Exercising control over the implementation of the provincial departmental budgets; • Monitoring local government budgets processes; • Supporting and building capacity in local governments, which includes the coordination of the implementation of the MFMA; • Ensuring compliance with the annual Division of Revenue Act; • Promoting and enforcing transparency and effective management of revenue, expenditure, assets and liabilities of the provincial departments and public entities; • Assisting provincial departments and public entities in their respective capacity building efforts for effective, efficient and transparent financial management by providing assistance with implementation and maintenance of financial systems, PERSAL, LOGIS and BAS; • Ensure compliance to supply chain management (SCM) best practices; • Coordinating and monitoring activities of risk management in the province; • Investigating any systems of financial management and internal controls to be applied by the provincial departments or public entities to enhance effective and efficient financial management; • Issuing provincial treasury instructions. • Preparing consolidated financial statements for the province.