Assets and Liabilities Management

Functions and Powers

The award-winning Mpumalanga Provincial Treasury was established to ensure an efficient and effective use of provincial resources. As the custodian of public and municipal finance legislation in the Province, the Department provides support to all departments, public entities, and delegated municipalities on supply chain management, audit and risk management, assets and liabilities, information technology, and accounting services.

Chapter 3 of the PFMA requires the Department (Provincial Treasury) to:

Prepare the Provincial Budget.
Exercise control over the implementation of the Provincial Budget.
Promote and enforce transparency and effective management of revenue, expenditure, assets, and liabilities of Provincial Departments and Provincial Entities.
Ensure that fiscal policies do not materially and unreasonably prejudice national economic policies.
Promote accurate financial reporting, accountability and transparency.

Programme 3: Assets and Liabilities Management

This Programme is responsible for the monitoring and support on Assets, Liabilities, Provincial Supply Chain management, Transversal System as well as the provisioning of information Technology Services to departments, Public Entities and Municipalities in Mpumalanga Province.

Sub-programmes and their Purpose:

1. Provincial Supply Chain Management (PSCM)

To monitor and oversee supply chain management Implementation

2. Public sector Liabilities Management

To manage Public Sector Liabilities

3. Physical Asset Management

To monitor and evaluate provincial and municipal assets

4. Interlinked Financial Systems

To manage interlink fincial systems

5. Information Technology

To provide information technology services

Vision

Leading in innovation and service excellence.

Mission

Enhance fiscal discipline, accountability and effective governance in PFMA and MFMA institutions through: capable and professional workforce; inter-governmental collaboration; sustainable funding and equitable allocation and prudent financial management