Question NW82 to the Minister of Finance
15 March 2016 - NW82
Cardo, Dr MJ to ask the Minister of Finance
Whether he has entered into a performance agreement with the President, Mr Jacob G Zuma, with regard to the implementation of the Medium-Term Strategic Framework (MTSF) 2014-2019; if not, why not; if so, (a) which key indicators and targets from the MTSF are reflected in the agreement, (b) how many performance assessments has he undertaken in consultation with the President since the agreement was signed, (c) what progress has been made in meeting the key indicators and targets from the MTSF, (d) what are the key obstacles to implementation and (e) what is the plan to address such obstacles?
Reply:
Minister has a signed performance agreement that is translated into a Medium Term Strategic Framework for a 5 years period. This is broken down into an annual performance plan.
These documents form the basis of the department being held accountable by Parliament on a quarterly basis and also held accountable by the public. The performance agreement of the Minister is therefore publicly assessed through the Portfolio Committees on a regular basis.
Additionally, the Public Finance Management Act (PFMA) compels all the Executing Authorities to subject their departmental expenditure to the Auditor General. This again is a measure that ensures full accountability to the public funds.