The Public Finance Management Act (PFMA) is legislation passed by the first democratic government in South Africa. The act promotes the objective of good financial management in order to maximise service delivery through effective and efficient use of resources.

The key objectives of the ACT can be summarized as:

• Modernise the system of financial management in the public sector
• Enable public sector managers to manage, but at the same time be held more accountable
• Ensure the timely provision of quality information; and
• Eliminate the waste and corruption in the use of public assets.

TIPP FOCUS Training is committed to carrying out our Government’s objectives, and is in the process of extending scope to provide the public sector with PFMP training.

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