Department Of National Treasury In Pretoria
Department Of National Treasury In Pretoria is a city in the northern part of Gauteng, South Africa. It is one of the country’s three capital cities, serving as the seat of the executive branch of government (Cape Town is the legislative capital and Bloemfontein is the judicial capital).
Pretoria has a reputation for being an academic city with three universities and the Council for Scientific and Industrial Research (CSIR) located in its eastern suburbs, the city also hosts the South African Bureau of Standards making the city a hub for research.
Pretoria is the central part of the Tshwane Metropolitan Municipality which was formed by the amalgamation of several former local authorities including Centurion and Soshanguve. There have been proposals to change the name of Pretoria itself to Tshwane, and the proposed name change has caused some controversy.
Contact Details
| Postal | Private Bag X115, Pretoria, 0001 |
|---|---|
| Physical | 40 Church Square, Pretoria, 0002 |
| Tel | 012 315 5111 |
| Fax | 012 315 5126 |
| Web | www.treasury.gov.za |
Overview
The mission of the Department of the National Treasury is to promote economic development, good governance, social progress, and rising living standards through accountable, economic, efficient, equitable and sustainable management of South Africa’s public finances.
The National Treasury’s legislative mandate is also described in the Public Finance Management Act. The National Treasury is mandated to: promote government’s fiscal policy framework; coordinate macroeconomic policy and intergovernmental financial relations; manage the budget preparation process; facilitate the Division of Revenue Act, which provides for an equitable distribution of nationally raised revenue between national, provincial, and local government; and monitor the implementation of provincial budgets. As mandated by the executive and Parliament, the National Treasury will continue to support the optimal allocation and utilisation of financial resources in all spheres of government to reduce poverty and vulnerability among South Africa’s most marginalised.
The National Treasury’s priorities include: increasing investment in infrastructure and industrial capital; improving education and skills development to raise productivity; improving the regulation of markets and public entities; and fighting poverty and inequality through efficient public service delivery, expanded employment levels, income support and empowerment.