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PFMA and Parliament s Oversight

2. Presentation Outline. Legal FrameworkPFMA and Parliament's oversight rolePortfolio Committees and the Money Bills Amendment Procedures and Related Matters Act (2009). 3. Legal Framework. The Constitution of the Republic of S.A., 1996 - Chapter 13Public Service Act, 1994 and RegulationsPubli

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PFMA and Parliament s Oversight

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    1. PFMA and Parliaments Oversight Presentation to Arts and Culture Portfolio Committee 16 March 2010

    2. 2 Presentation Outline Legal Framework PFMA and Parliaments oversight role Portfolio Committees and the Money Bills Amendment Procedures and Related Matters Act (2009)

    3. 3 Legal Framework The Constitution of the Republic of S.A., 1996 - Chapter 13 Public Service Act, 1994 and Regulations Public Finance Management Act, 1999 and Treasury Regulations 2005 Money Bills Amendment Procedures and Related Matters Act (2009)

    4. 4 PFMA (Act No 1 of 99, Amended by Act 29 of 99) Focus on outputs & responsibilities Flexibility with accountability Clarity of role of accounting officer

    5. 5 Aims of the PFMA To regulate financial management To ensure all revenue, expenditure, assets, and liabilities are managed efficiently and effectively; To provide for the responsibilities of persons entrusted with financial management; Applicable to all public entities , except the Reserve Bank, Auditor General, higher education institutions and local authorities (own acts)

    6. 6 Parliaments PFMA Roles

    7. 7 Money Bills Amendment Procedures and Related Matters Act (2009) Parliamentary Committees to annually assess the performance of departments using: ENE of dept, with strategic priorities and measurable objectives Strategic Plan Expenditure reports (Section 32 of the PFMA) and quarterly reports to SCoA Financial Statements and Annual reports SCoPA reports Any other relevant info PCs to annually submit budgetary review and recommendation report on depts service delivery performance

    8. 8 Thank You

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