Circular on Guidelines on Public Investment Management for National Government and its Entities.

Abstract

These Guidelines are issued in accordance with section 12 (2) (k) as read with sections 12(2) (a) and I 2(2)(b) of the Public Finance Management Act, 2012 that Mandates the National Treasury to provide guidelines that will promote transparency, effective management and accountability in public finance management by promoting: (a) the proper management, control of and accounting for the finances or the National Government; (b) the efficient and effective use of budgetary resources at the national government and its entities and (c) to monitor their implementation and compliance. The purpose of these Guidelines is to provide a framework for the efficient and effective management of public investments that includes project identification and conceptual planning, pre-feasibility and feasibility, selection for budgeting, implementation, monitoring, evaluation and reporting, closure, sustainability and ex-post evaluation to ensure value for money and optimal use of public resources.