National Student Financial Aid Scheme Act, 1999
R 385
Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996)Chapter 13 : FinanceGeneral Financial Matters215. National, provincial and municipal budgets |
| (1) | National, provincial and municipal budgets and budgetary processes must promote transparency, accountability and the effective financial management of the economy, debt and the public sector. |
| (2) | National legislation must prescribe— |
| (a) | the form of national, provincial and municipal budgets; |
| (b) | when national and provincial budgets must be tabled; and |
| (c) | that budgets in each sphere of government must show the sources of revenue and the way in which proposed expenditure will comply with national legislation. |
| (3) | Budgets in each sphere of government must contain— |
| (a) | estimates of revenue and expenditure, differentiating between capital and current expenditure; |
| (b) | proposals for financing any anticipated deficit for the period to which they apply; and |
| (c) | an indication of intentions regarding borrowing and other forms of public liability that will increase public debt during the ensuing year. |
