Transcription of Financial management and MFMA implementation
{{id}} {{{paragraph}}}
Example: marketing
Financial management and MFMA implementation
15711 Financial management and MFMA implementation Introduction Sound Financial management practices are essential to the long-term sustainability of municipalities. They underpin the process of democratic accountability. Weak or opaque Financial management results in the misdirection and under-utilisation of resources and increases the risk of corruption. The key objective of the Municipal Finance management Act (2003) (MFMA) is to modernise municipal Financial management . Municipal Financial management has four interrelated components: planning and budgeting, revenue and expenditure management , reporting and oversight.
increases the risk of corruption. The key objective of the Municipal Finance Management Act (2003) (MFMA) is to modernise municipal financial management. Municipal financial management has four interrelated components: planning and budgeting, revenue and expenditure management, reporting and oversight. Each component contributes to ensuring that
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: