• Public Finance Management Act, 1999 (Act No. 1 of 1999)
  • Notice No. 282 of 1999
  • Act
  • Chapter 1 : Interpretation, Object, Application and Amendment of this Act
    • 1. Definitions
    • 2. Object of this Act
    • 3. Institutions to which this Act applies
    • 4. Amendments to this Act
  • Chapter 2 : National Treasury and National Revenue Fund
    • Part 1 : National Treasury
      • 5. Establishment
      • 6. Functions and powers
      • 7. Banking, cash management and investment framework
      • 8. Annual consolidated financial statements
      • 9. Financial statistics and aggregations
      • 10. Delegations by National Treasury
    • Part 2 : National Revenue Fund
      • 11. Control of National Revenue Fund
      • 12. Deposits and withdrawals by South African Revenue Services in Revenue Funds
      • 13. Deposits into National Revenue Fund
      • 14. Withdrawal of exclusions
      • 15. Withdrawals and investments from National Revenue Fund
      • 16. Use of funds in emergency situations
  • Chapter 3 : Provincial Treasuries and Provincial Revenue Funds
    • Part 1 : Provincial Treasuries
      • 17. Establishment
      • 18. Functions and powers
      • 19. Annual consolidated financial statements
      • 20. Delegations by provincial treasuries
    • Part 2 : Provincial Revenue Funds
      • 21. Control of Provincial Revenue Funds
      • 22. Deposits into Provincial Revenue Funds
      • 23. Withdrawal of exclusions from Provincial Revenue Funds
      • 24. Withdrawals and investments from Provincial Revenue Funds
      • 25. Use of funds in emergency situations
  • Chapter 4 : National and Provincial Budgets
    • 26. Annual appropriations
    • 27. National annual budgets
    • 28. Multi-year budget projections
    • 29. Expenditure before annual budget is passed
    • 30. National adjustments budgets
    • 31. Provincial adjustments budgets
    • 32. Publishing of reports on state of budget
    • 33. Withholding of appropriated funds
    • 34. Unauthorised expenditure
    • 35. Unfunded mandates
  • Chapter 5 : Departments and Constitutional Institutions
    • Part 1 : Appointment of accounting officers
      • 36. Accounting officers
      • 37. Acting accounting officers
    • Part 2 : Responsibilities of accounting officers
      • 38. General responsibilities of accounting officers
      • 39. Accounting officers' responsibilities relating to budgetary control
      • 40. Accounting officers' reporting responsibilities
      • 41. Information to be submitted by accounting officers
      • 42. Accounting officers' responsibilities when assets and liabilities are transferred
      • 43. Virement between main divisions within votes
    • Part 3 : Other officials of departments and constitutional institutions
      • 44. Assignment of powers and duties by accounting officers
      • 45. Responsibilities of other officials
  • Chapter 6 : Public Entities
    • Part 1 : Application of this Chapter
      • 46. Application
      • 47. Unlisted public entities
      • 48. Classification of public entities
    • Part 2 : Accounting authorities for public entities
      • 49. Accounting authorities
      • 50. Fiduciary duties of accounting authorities
      • 51. General responsibilities of accounting authorities
      • 52. Annual budget and corporate plan by Schedule 2 public entities and government business enterprises
      • 53. Annual budgets by non-business Schedule 3 public entities
      • 54. Information to be submitted by accounting authorities
      • 55. Annual report and financial statements
    • Part 3 : Other officials of public entities
      • 56. Assignment of powers and duties by accounting authorities
      • 57. Responsibilities of other officials
    • Part 4 : External auditors
      • 58. Repealed
      • 59. Repealed
      • 60. Repealed
      • 61. Repealed
      • 62. Repealed
  • Chapter 7 : Executive Authorities
    • 63. Financial responsibilities of executive authorities
    • 64. Executive directives having financial implications
    • 65. Tabling in legislatures
  • Chapter 8 : Loans, Guarantees and other Commitments
    • Part 1 : General principles
      • 66. Restrictions on borrowing, guarantees and other commitments
      • 67. No provincial foreign commitments
      • 68. Consequences of unauthorised transactions
      • 69. Regulations on borrowing by public entities
      • 70. Guarantees, indemnities and securities by Cabinet members
    • Part 2 : Loans by national government
      • 71. Purposes for which Minister may borrow money
      • 72. Signing of loan agreements
      • 73. Interest and repayments of loans to be direct charges
      • 74. Repayment, conversion and consolidation of loans
      • 75. Obligations from lien over securities
  • Chapter 9 : General Treasury Matters
    • 76. Treasury regulations and instructions
    • 77. Audit committees
    • 78. Publishing of draft treasury regulations for public comment
    • 79. Departures from treasury regulations, instructions or conditions
    • 80. Determination of interest rates for debt owing to state
  • Chapter 10 : Financial Misconduct
    • Part 1 : Disciplinary proceedings
      • 81. Financial misconduct by officials in departments and constitutional institutions
      • 82. Financial misconduct by treasury officials
      • 83. Financial misconduct by accounting authorities and officials of public entities
      • 84. Applicable legal regime for disciplinary proceedings
      • 85. Regulations on financial misconduct procedures
    • Part 2 : Criminal Proceedings
      • 86. Offences and penalties
  • Chapter 11 : Accounting Standards Board
    • 87. Establishment
    • 88. Composition
    • 89. Functions of Board
    • 90. Powers of Board
    • 91. Regulations on accounting standards of Board
  • Chapter 12 : Miscellaneous
    • 92. Exemptions
    • 93. Transitional provisions
    • 94. Repeal of legislation
    • 95. Short title and commencement
  • Schedules
    • Schedule 1 : Constitutional Institutions
    • Schedule 2 : Major Public Entities
    • Schedule 3 : Other Public Entities
    • Schedule 4 : Exclusions From Revenue Funds
    • Schedule 5 : Direct Charges Against National Revenue Fund
    • Schedule 6 : Repeal of Legislation
• Regulations
  • Payroll Deduction Regulation, 2000
    • Notice 3098 of 2000
    • Preamble
    • 1. Definitions
    • 2. Application
    • 3. Persal Deductions
    • 4. Non-compliance with this Treasury Regulation constituting misconduct
    • 5. Transitional Arrangements
    • 6. Short Title and commencement
  • Regulations for Accounting Standards Board
    • Board Notice 60 of 2003
    • 1. Definitions
    • 2. Qualifications of members
    • 3. Term of office
    • 4. Remuneration, allowances, and benefits of members
    • 5. Termination of membership
    • 6. Conduct of members
    • 7. Removal from office
    • 8. Filling of vacancies
    • 9. Chairperson and Deputy Chairperson
    • 10. Meetings of the Board
    • 11. Quorums and decisions
    • 12. Procedure for conduct of meetings
    • 13. Committees
    • 14. Delegation of powers and duties
    • 15. Employment of staff
    • 16. Funding
    • 17. Liability of Board
  • Treasury Regulations for departments, trading entities, constitutional institutions and public entities
    • Notice No. R. 225 of 2005
    • Part 1 : Definitions, application and date of commencement
      • 1. General definitions and application
    • Part 2 : Management arrangements
      • 2. Corporate management
      • 3. Internal control
      • 4. Financial misconduct
    • Part 3 : Planning and budgeting
      • 5. Strategic Planning
      • 6. Budgeting and related matters
    • Part 4 : Revenue and expenditure management
      • 7. Revenue Management
      • 8. Expenditure management
      • 9. Unauthorised, irregular, fruitless and wasteful expenditure
    • Part 5 : Asset and liability management
      • 10. Asset management
      • 11. Management of debtors
      • 12. Management of losses and claims
      • 13. Loans, guarantees, leases and other commitments
      • 14. Money and property held in trust
    • Part 6 : Frameworks
      • 15. Banking, cash management and investment
      • 16. Public private partnerships
      • 16A. Supply Chain Management
    • Part 7 : Accounting and reporting requirements
      • 17. Basic accounting records and related issues
      • 18. Monthly and annual reports
    • Part 8 : Miscellaneous
      • 19. Trading entities
      • 20. Commissions and Committees of Inquiry
      • 21. Gifts, donations and sponsorships
      • 22. Payments and remissions as an act of grace
      • 23. Government payroll deductions
    • Part 9 : Public entities
      • 24. General definitions
      • 25. Application and listing
      • 26. Responsibilities of designated accounting officers
      • 27. Internal control and corporate management
      • 28. Annual financial statements and annual reports
      • 29. Corporate planning, shareholder's compacts and annual budgets
      • 30. Strategic planning
      • 31. Cash, banking and investment management
      • 32. Borrowings and leases
      • 33. Financial misconduct
      • 34. Repeal of regulations
  • Regulations prescribing Standards of Generally Recognised Accounting Practice
    • Notice No. R. 640 of 2020
• Notices
  • Exemptions in terms of Section 92 of the Act :
    • Notice No. 343 of 2000
    • Notice No. 585 of 2021
    • Notice No. 941 of 2022
    • Exemption from Act and Regulations - COVID-19 National State of Disaster
      • Notice No. 437 of 2020
    • Exemption from Act in terms of Section 92 - South African National Roads Agency Soc Ltd
      • Notice No. 241 of 2021
    • Exemption in terms of Section 92 - Eskom Holdings SOC Ltd
      • Notice No. 3247 of 2023
  • Interest to be Levied on Debts Owing to the State
    • Notice 1410 of 2002 
  • Standard of Generally Recognised Accounting Practice (GRAP)
    • Notice No. R. 991 of 2005
    • GRAP 1 : Presentation of Financial Statements
    • GRAP 1 : Appendix - Illustrative Financial Statements Structure
    • GRAP 2 : Cash Flow Statements
    • GRAP 2 : Appendix-Cash flow statement
    • GRAP 3 : Accounting Policies, Changes in Accounting Estimates and Errors
    • GRAP 3 : Appendix - Statements
  • Standards of Generally Accepted Municipal Accounting Practice (GAMAP) in terms of Section 91
    • Notice No. R. 992 of 2005
    • Preface to the Standards of Generally Accepted Municipal Accounting Practice
    • GAMAP 4 : The Effects of Changes in Foreign Exchange Rates
    • GAMAP 6 : Consolidated financial statements and accounting for controlled entities
    • GAMAP 7 : Accounting for Investments in Associates
    • GAMAP 8 : Financial Reporting of Interests in Joint Ventures
    • GAMAP 9 : Revenue
    • GAMAP 12 : Inventories
    • GAMAP 17 : Property, Plant and Equipment
    • GAMAP 19 : Provisions, Contingent Liabilities and Contingent Assets
  • Ministerial Advisory Committee on a Mass Literacy Campaign for South Africa
    • Notice No. 1127 of 2006
  • Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of Section 91
    • Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 91
      • Notice No. 516 of 2008
    • Prescribing Standards of Generally Recognised Accounting Practice (GRAP) in terms of Section 91
      • Notice No. 218 of 2011
  • Rate of Interest on Government Loans :
    • Rate of Interest on Government Loans - 1 July 2008
      • Notice 830 of 2008
    • Rate of Interest on Government Loans - 1 March 2009
      • Notice 179 of 2009
    • Rate of Interest on Government Loans - 1 July 2009
      • Notice 935 of 2009
    • Rate of Interest on Government Loans - 1 January 2011
      • Notice 3 of 2011 
    • Rate of Interest on Government Loans - 1 January 2019
      • Notice 817 of 2018
    • Rate of Interest on Government Loans - 23 August 2019
      • Notice No. 437 of 2019
    • Rate of Interest on Government Loans - 1 July 2020
      • Notice No. 406 of 2020 
    • Rate of Interest on Government Loans - 1 May 2020
      • Notice No. 407 of 2020
    • Rate of Interest on Government Loans - 1 September 2020
      • Notice No. 456 of 2020
    • Rate of Interest on Government Loans - 1 January 2022
      • Notice No. 746 of 2021
    • Rate of Interest on Government Loans - 1 March 2022
      • Notice No. 864 of 2022
    • Rate of Interest on Government Loans - 1 May 2022
      • Notice No. 1029 of 2022
    • Rate of Interest on Government Loans - 1 July 2022
      • Notice No. 1103 of 2022
    • Rate of Interest on Government Loans - 1 September 2022
      • Notice No. 1266 of 2022
    • Rate of Interest on Government Loans - 1 November 2022
      • Notice No. 1365 of 2022
    • Rate of Interest on Government Loans - 1 January 2023
      • Notice No. 1531 of 2022
    • Rate of Interest on Government Loans - 1 January 2023
      • Notice No. 1630 of 2023
    • Rate of Interest on Government Loans - 1 March 2023
      • Notice No. 1731 of 2023
    • Rate of Interest on Government Loans - 1 May 2023
      • Notice No. 1768 of 2023
    • Rate of Interest on Government Loans - 1 July 2023
      • General Notice 1907 of 2023
    • Rate of Interest on Government Loans - 1 November 2024
      • Notice No. 2816 of 2024
    • Rate of Interest on Government Loans - 1 January 2025
      • Notice No. 2920 of 2024
    • Rate of Interest on Government Loans - 1 March 2025
      • Notice No. 3043 of 2025
  • Statement of National Revenue, Expenditure and Borrowings 
    • Statement of the National Revenue, Expenditure and Borrowing as at 31 July 2010
      • Notice No. 761 of 2010
    • 2020 Statements
      • Statement of National Revenue, Expenditure and Borrowing as at 31 May 2020
        • Notice No. 358 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 31 July 2020
        • Notice No. 462 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 31 August 2020
        • Notice No. 521 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 30 September 2020
        • Notice No. 618 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 31 October 2020
        • Notice No. 679 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 30 November 2020
        • Notice No. 742 of 2020
      • Statement of National Revenue, Expenditure and Borrowing as at 31 December 2020
        • Notice No. 27 of 2021
    • 2021 Statements
      • Statement of National Revenue, Expenditure and Borrowing as at 31 January 2021
        • Notice No. 78 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 28 February 2021
        • Notice No. 156 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 31 March 2021
        • Notice No. 247 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 30 April 2021
        • Notice No. 313 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 31 May 2021
        • Notice No. 394 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 30 June 2021
        • Notice No. 430 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 31 July 2021
        • Notice No. 509 of 2021
      • Statement of National Revenue, Expenditure and Borrowings as at 30 November 2021
        • Notice No. 747 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 31 August 2021
        • Notice No. 587 of 2021
      • Statement of National Revenue, Expenditure and Borrowing as at 30 September 2021
        • Notice No. 641 of 2021
      • Statement of National Revenue, Expenditure and Borrowings as at 31 October 2021
        • Notice No. 690 of 2021
      • Statement of National Revenue, Expenditure and Borrowings as at 31 December 2021
        • Notice No. 784 of 2021
    • 2022 Statements
      • Statement of National Revenue, Expenditure and Borrowings as at 28 February 2022
        • Notice No. 191 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 31 March 2022
        • Notice No. 1007 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 30 April 2022
        • Notice No. 1058 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 30 June 2022
        • Notice No. 1177 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 31 July 2022
        • Notice No. 1242 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 31 August 2022
        • Notice No. 1302 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 30 September 2022
        • Notice No. 1357 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 31 October 2022
        • Notice No. 1357 of 2022
      • Statement of National Revenue, Expenditure and Borrowings as at 30 November 2022
        • Notice No. 1528 of 2022
    • 2023 Statements
      • Statement of National Revenue, Expenditure and Borrowings as at 31 January 2023
        • Notice No. 1638 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 28 February 2023
        • Notice No. 1697 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 31 March 2023
        • Notice No. 1775 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 30 April 2023
        • Notice No. 1844 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 31 May 2023
        • Notice No. 1884 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 31 July 2023
        • Notice No. 1997 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 30 September 2023
        • Notice No. 2111 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 31 October 2023
        • Notice No. 2207 of 2023
      • Statement of National Revenue, Expenditure and Borrowings as at 31 December 2023
        • Notice No. 2293 of 2024
    • 2024 Statements
      • Statement of National Revenue, Expenditure and Borrowings as at 31 January 2024
        • Notice No. 2344 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 29 February 2024
        • Notice No. 2397 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 31 March 2024
        • Notice No. 2444 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 30 April 2024
        • Notice No. 2530 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 31 May 2024
        • Notice No. 2608 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 31 July 2024
        • Notice No. 2709 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 31 August 2024
        • Notice No. 2765 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 30 September 2024 including restatement of revenue figures for July and August 2024
        • Notice No. 2802 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 30 November 2024
        • Notice No. 2923 of 2024
      • Statement of National Revenue, Expenditure and Borrowings as at 31 December 2024
        • Notice No. 2980 of 2024
    • 2025 Statements
      • Statement of National Revenue, Expenditure and Borrowings as at 31 January 2025
        • Notice No. 3026 of 2025
      • Statement of National Revenue, Expenditure and Borrowings as at 28 February 2025
        • Notice No. 3103 of 2025
  • Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act :
    • Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act
      • Notice No. 634 of 2018
    • Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act - Umgeni Water
      • Notice No. 1097 of 2019
    • Borrowing Powers of Water Boards Listed under Schedule 3 Part B of the Act - Rand Water
      • Notice No. 1098 of 2019
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act - Mhlathuze Water
      • Notice No. 709 of 2020
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act - Rand Water
      • Notice No. 710 of 2020
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act - Rand Water
      • Notice No. 628 of 2021
    • Borrowing Powers of Public Entities Listed under Schedule 3 Part A of the Act
      • Notice No. 1593 of 2021
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act - Mhlathuze Water
      • Notice No. 2049 of 2022
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act
      • Notice No. 2129 of 2022
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act
      • Notice No. 5044 of 2024
    • Borrowing Powers of Water Boards listed under Schedule 3 Part B of the Act
      • Notice No. 5062 of 2024
    • Borrowing Powers of Public Entities listed under Schedule 3 Part A of the Act
      • Notice No. 5548 of 2024
• Understanding and Using this Act
  • Guide for Accounting Officers
    • Preface
    • Abbreviations
    • 1. Introduction
    • 2. Vision of the PFMA: performance budgets and accountability
    • 3. Seven immediate steps
    • 4. Reporting and accountability
    • 5. Responsibilities and planning
    • 6. Corporate management and internal controls
    • 7. Revenue, assets and liabilities
    • 8. Expenditure management
    • 9. Transfer payments and conditional grants
    • 10. Cash and banking
    • 11. Miscellaneous
    • 12. Implications for executive authorities
    • 13. The way forward
    • Annexure A: Exemptions
    • Annexure B: Reporting formats
    • Annexure C: Disciplinary procedures
    • Annexure D: Structure of the PFMA
    • Annexure E: Glossary
  • National Treasury Guidelines for Annual Reporting
    • 1. Purpose
    • 2. Background
    • 3. Criteria For Good Reporting
    • 4. Monitoring And Evaluation Systems
    • 5. Contents Of The Annual Report
    • 6. Tabling of the Report in Parliament or the Provincial Legislature
    • Annexure A: Determining Service Delivery Indicators
  • In Year Management, Monitoring and Reporting
    • Foreword
    • 1 Introduction
    • 2 Production & Interpretation of Reports
    • 3 Taking Action
    • 4 Quality Issues
    • Annexure A: Public Finance Management Act
    • Annexure B: Accounting Officer's Reporting Responsibilities
    • Annexure C: A conceptual view of the process
    • Annexure D: Example of Month-end Procedures (ex Free State Province)
    • Annexure E1: Financial Management System (FMS)
    • Annexure E2: Basic Accounting System
    • Annexure E3: Personnel and Salary Administration System (PERSAL)
    • Annexure E4: LOGIS
    • Annexure F: Conditional Grants to Provinces
  • Normative Measures for Financial Management
    • Phase 1 : Perfecting the Basics
      • 1. Introduction
      • 2. The need for proper standards of financial management in the public sector
      • 3. Financial management and an approach to managing for results
      • 4. The aim and goals of financial management in the public sector
      • 5. General principles for financial management in the public sector
      • 6. Performance requirements for financial management in the public sector
      • 7. Reporting requirements for financial management in the public sector
      • 8. Critical areas for financial management performance
      • 9. Relationship between the chief financial officer and his or her clients
      • 10. Core competencies and skills required for financial management in the public sec
      • 11. Recommended structure of the Office of the Chief Financial Officer and related d
      • 12. Conclusion
    • Annexure A : User Manual for applying NMFM
      • A. Management Arrangements
      • B. Planning and Budgeting
      • C. Revenue and Expenditure Management
      • D. Asset and Liability Management
      • E. Accounting and Reporting Requirements
    • Annexure B: User manual for Application of Normative Measures
      • Introduction
      • A. Management Arrangements
      • B. Planning and Budgeting
      • C. Revenue and Expenditure Management
      • D. Asset and Liability Management
      • E. Accounting and Reporting Requirements
  • Practice Notes
    • Treasury Practice Note 1 of 2000
      • Month Closure Procedures, as per requirement of the Public Finance Management Act
    • Treasury Practice Note 2 of 2000 
      • Capturing and Maintenance of MTEF Budget Allocations