NATIONAL TREASURY STRATEGIC PLAN 2015/19 AND

Transcript:NATIONAL TREASURY STRATEGIC PLAN 2015/19 AND:
NATIONAL TREASURY STRATEGIC PLAN 2015/19 AND ANNUAL PERFORMANCE PLAN 2017/18 STANDING COMMITTEE ON FINANCE 09 May 2017 2 MANDATE OF THE TREASURY Support economic growth and development, good governance, social progress and rising living standards through the accountable, economical, efficient, equitable and sustainable management of public finances, maintenance of macroeconomic and financial sector stability, and effective financial regulation of the economy. THE OVERARCHING POLITICAL AND POLICY FRAMEWORK 3 LEGISLATION, POLICIES AND ACTIVITIES 4 TREASURY’S STRATEGIC FOCUS 5 APP Pages 11-15 STRUCTURE AND COMPOSITION OF PROGRAMMES 6 FINANCIAL RESOURCE PLAN 2017/18-2019/20 7 CLASSIFICATION OF FINANCIAL RESOURCE PLAN 2017/18 8 PROGRAMME 1 ADMINISTRATION PROVIDE STRATEGIC LEADERSHIP, MANAGEMENT AND SUPPORT SERVICES TO THE DEPARTMENT. Provide integrated business solutions in the areas of business continuity, knowledge management, and ICT. Give further effect to organisational optimisation through cost savings and human resource utilisation and retention. Ensure good governance and sound control environment by implementing the risk-based IA plan, manage enterprise-wide risks and assist the Ministry with Oversight of Public Entities governance and performance. Provide support for strategic planning, performance management and reporting across the organisation. 9 SP Page 22 APP Page 25 PROGRAMME 2: ECONOMIC POLICY, TAX, FINANCIAL REGULATION AND RESEARCH PROVIDE SPECIALIST POLICY RESEARCH AND ANALYSIS IN THE AREAS OF MACROECONOMICS, MICROECONOMICS, TAXATION, THE FINANCIAL SECTOR, AND REGULATORY REFORM. Conduct relevant micro and macro economic research that contributes to the development of inclusive growth and job creating policies. Develop and maintain economic forecasting models that provide reliable macro-economic projections that aid policy making. Enact Twin Peaks model legislation. Implementation of tax-free savings and retirement reforms. Publish tax and revenue proposals on 2017 Budget and update revenue estimates for 2017 MTBPS. Prepare, publish and table tax legislation in Parliament. 10 SP Page 27 APP Page 34 –36 PROGRAMME 3: PUBLIC FINANCE AND BUDGET MANAGEMENT PROVIDE ANALYSIS AND ADVICE ON FISCAL POLICY AND PUBLIC FINANCES, INTERGOVERNMENTAL FINANCIAL RELATIONS, EXPENDITURE PLANNING AND PRIORITIES. MANAGE GOVERNMENT’S ANNUAL BUDGET PROCESS AND PROVIDE PUBLIC FINANCE MANAGEMENT SUPPORT. Undertake targeted expenditure reviews on specific areas of interest, ranging from personnel spending to government agencies and public entities. Regular monitoring of the appropriate use of public financial resources. Provide financial and budgetary analysis of government programmes. On-going engagement with accounting officers and officials from other departments, public entities and constitutional institutions to promote efficient utilisation of state resources. Provide budgetary recommendations to the Medium Term Expenditure Committee and the Minister’s Committee on