Public Finance Management Act definition
Examples of Public Finance Management Act in a sentence
This Bid and all contracts emanating there from will be subject to the General Conditions of Contract issued in accordance with Treasury Regulation 16A published in terms of the Public Finance Management Act, 1999 (Act 1 of 1999).
PFMA The Public Finance Management Act, Act No. 1 of 1999 as amended, as well as the Treasury Regulations promulgated thereunder.
The materiality framework is developed in accordance with Treasury Regulation 28.3.1 which requires that for the purposes of materiality [sections 50(1), 55(2), & 66(1) of the Public Finance Management Act (PFMA)] and significance [section 54(2) of the PFMA], the Accounting Authority must develop and agree on a framework of acceptable levels of materiality and significance with the relevant Executive Authority.
Additionally there is a lack of adequate financial management, reporting and accountability processes as envisaged in the Public Finance Management Act (PFMA) resulting in most Provincial Health Departments receiving qualified audits.
It will be done in accordance with the prescripts and requirements of the Public Finance Management Act and borrowing requirements set by National Treasury.