Statistics Act, 1999
R 385
Budget Speech 2017South Africa's growth and transformationStrengthening financial management in municipalities |
Government continues to invest in improving the financial capability of municipalities. In the period ahead, National Treasury and provincial treasuries have agreed to focus their efforts on four “game changers”:
| • | The new Municipal Standard Chart of Accounts, which will be implemented from 1 July 2017, contributing to greater transparency and consistency of municipal finances. |
| • | Targeted supply chain management interventions to achieve cost savings and combat fraud. |
| • | Enhanced revenue management, including appropriate tariff-setting, regular billing and effective collection systems. |
| • | Improved asset management, including adherence to 8 per cent of the value of assets being spent on their maintenance. |
If we make progress in local financial management, we will transform the lives of millions of people.
