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Local Government Legislation

The Local Government:
Municipal Finance Management Act 56 of 2003

Supporting sound, sustainable and accountable financial management in South Africa's local government sector.

Municipal Finance Management Act

The Local Government: Municipal Finance Management Act 56 of 2003 provides the legislative framework for sound financial management within municipalities and other institutions in the local sphere of government.

Purpose of the MFMA

What the Act Intends to Achieve

The Act establishes the principles, responsibilities and standards required to strengthen financial governance across local government.

01

Sustainable Financial Management

To secure sound and sustainable management of the financial affairs of municipalities and other institutions in the local sphere of government.

02

Treasury Norms and Standards

To establish treasury norms and standards that support consistent and accountable financial practices across local government.

03

Connected Legislative Matters

To provide for matters connected with municipal finance, governance, accountability and financial oversight.

Official Document

Download the Municipal Finance Management Act

Access the complete Local Government: Municipal Finance Management Act 56 of 2003 in PDF format.

View the Act

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