Public Service Commission Act, 1997
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 6 : Public EntitiesPart 2: Accounting authorities for public entities52. Annual budget and corporate plan by Schedule 2 public entities and government business enterprises |
The accounting authority for a public entity listed in Schedule 2 or a government business enterprise listed in Schedule 3 must submit to the accounting officer for a department designated by the executive authority responsible for that public entity or government business enterprise, and to the relevant treasury, at least one month, or another period agreed with the National Treasury, before the start of its financial year—
| (a) | a projection of revenue, expenditure and borrowings for that financial year in the prescribed format; and |
| (b) | a corporate plan in the prescribed format covering the affairs of that public entity or business enterprise for the following three financial years, and, if it has subsidiaries, also the affairs of the subsidiaries. |
