Chapter 13: Finance
(b) any provision that must be made in respect of the national debt and other
national obligations;
(c) the needs and interests of the national government, determined by objective
criteria;
(d) the need to ensure that the provinces and municipalities are able to provide
basic services and perform the functions allocated to them;
(e) the fiscal capacity and efficiency of the provinces and municipalities;
(f) developmental and other needs of provinces, local government and
municipalities;
(g) economic disparities within and among the provinces;
(h) obligations of the provinces and municipalities in terms of national legislation;
(i) the desirability of stable and predictable allocations of revenue shares; and
(j) the need for flexibility in responding to emergencies or other temporary needs,
and other factors based on similar objective criteria.
[Date of commencement of s. 214: 1 January 1998]
National, provincial and municipal budgets
215.
(1)
(2)
(3)
National, provincial and municipal budgets and budgetary processes must promote
transparency, accountability and the effective financial management of the
economy, debt and the public sector.
National legislation must prescribe—
(a) the form of national, provincial and municipal budgets;
(b) when national and provincial budgets must be tabled; and
(c) that budgets in each sphere of government must show the sources of revenue
and the way in which proposed expenditure will comply with national
legislation.
Budgets in each sphere of government must contain—
(a) estimates of revenue and expenditure, differentiating between capital and
current expenditure;
(b) proposals for financing any anticipated deficit for the period to which they
apply; and
(c) an indication of intentions regarding borrowing and other forms of public
liability that will increase public debt during the ensuing year.
[Date of commencement of s. 215: 1 January 1998
116