What does the PFMA focus on?

What does the PFMA focus on?

The Act aims to modernise financial management in the public sector and, in the process, to reduce fraud, corruption and waste. More efficient and effective use of public resources will maximise the capacity of Government to deliver services.

What are the 5 main macroeconomic objectives of the government?

Balance of Payments Stability. The main government aims for the economy are full employment, price stability, economic growth, redistribution of income and stability of balance of payments. A government can operate a range of policy measures to achieve these aims and it is judged on their success or otherwise.

What are the three macroeconomic policies?

The three main types of government macroeconomic policies are fiscal policy, monetary policy and supply-side policies.

What are macroeconomic objectives of South Africa?

Government has adopted a macroeconomic policy framework which will deliver job creation, better export performance, more investment, greater efficiency and equity of government spending and enhanced human resource development. degree of income inequality and social fragmentation that characterise South Africa.

What is the PFMA?

The Public Finance Management Act, No. 1 of 1999 and Regulations regulate the management of finances in national and provincial government.

What’s PFMA?

The Public Finance Management Act (PFMA) and the role of Parliament in the Oversight of the Budget.

What are the key pillars of macroeconomics?

The key pillars of macroeconomic policy are: fiscal policy, monetary policy and exchange rate policy. This brief outlines the nature of each of these policy instruments and the different ways they can help promote stable and sustainable growth.

What are the 4 main objectives of government macroeconomic policy?

The four major objectives are: Full employment. Price stability. A high, but sustainable, rate of economic growth. Keeping the balance of payments in equilibrium.

What is Logis and BAS?

Basic Accounting System (BAS) Logistical Information System (LOGIS) Personnel and Salary Administration System (PERSAL).

What is SCM policy?

5.1. 4 The SCM policy applies to and governs process jurisdiction with regards to the planning, sourcing, contracting, contract management of goods, services and works; disposal of assets; hiring or letting activities; and acquiring or granting of any right inclusive of immovable property; 5.1.