A history of decline in both the number and the amount of unauthorised expenditure in the province since 2009 signify the strength of measures to improve accounting on financial resources.
On Tuesday, the MEC for Finance, Mr Madala Masuku drew a line, announcing measures to move the administration from its current position on audit outcomes. MEC Masuku said all the departments, public entities and municipalities must implement all remedial actions to address issues raised by the Auditor-General in the last audit outcomes.
“The report paints a contrasting picture about the state of financial management and governance in the Country and the province.”
“It highlights amongst others, regression and stagnation by the departments and public entities on audit outcomes which overshadowed the four clean audits that the province achieved in the last financial year,” he added.
He said the Departments of Finance and Cooperative Governance and Traditional Affairs have both deployed financial specialists and provide continuous assistance to municipalities in a bid to secure credibility of financial management and accountability reports.
“We have put in place measures to ensure sustained monitoring, accountability and adherence to financial management legislation in the province and to ensuring that Departments’ plans adhere to these commitments,” said MEC.
He also announced that Municipalities will be required to submit financial statements on a quarterly basis to the Provincial Treasury.
In addition to measures such as forbidding public servants from doing business with government and introducing Price Standardisation Committee as announced by the Premier; the Department of Finance is also investing resources to enhance the integrity of our financial systems.
The Department of Finance has kick-started a project termed “Going back to the Basic“ through which all stakeholders in budget management are empowered to deal with everyday financial management challenges.
For more information contact:
Letshela Jonas
Cell: 079 500 0154
Tel: 013 766 4243
