Financial Governance

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 4: Financial Governance

This Programme serves to facilitate, monitor, support and provide professional advice to ensure good governance in the Province.

Sub-programmes and their Purpose:

1. Accounting Services

To monitor compliance with reporting requirements of the PFMA, Treasury regulations and MFMA

2. Norms and Standards

To monitor compliance with legislation, regulations, norms and standards

3. Provincial Risk Management

To promote effective optimal fincial resource utilisation.

4. Provincial Internal Audit

To coordinate the activities of all provincial internal offices and committees

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