Finance Act | Act 42 of 2008 — South Africa law | Esheria

Finance Act

Words or expressions already defined in the Public Finance Management Act, 1999 keep that meaning in this Act unless the context requires otherwise.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 42 of 2008
Version
Undated source snapshot
Language
en
Updated
Official source
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appropriation audit budget oversight definitions government expenditure unauthorised expenditure

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Statute overview

About this statute

Words or expressions already defined in the Public Finance Management Act, 1999 keep that meaning in this Act unless the context requires otherwise. This section approves and authorises specified unauthorised expenditure as a direct charge against the National Revenue Fund. This Act preserves any existing right or obligation to take appropriate steps to recover unauthorised expenditure from a responsible official or former responsible official. This section says the Act is called the Finance Act, 2008, and it includes schedules listing unauthorised expenditure amounts.