What this means
This document is the text of South Africa’s Public Finance Management Act No. 1 of 1999, including its amendment reference to the Public Finance Management Amendment Act No. 29 of 1999. It sets out the framework for regulating financial management in national and provincial governments, aiming to ensure transparent, accountable, and sound management of revenue, expenditure, assets and liabilities. The excerpt provided includes the Act’s purpose and a detailed set of definitions (e.g., accounting officer/authority, National Treasury, financial year, irregular and unauthorised expenditure, votes, and revenue funds) and begins the section structure for the full Act.
