2022 MTEF Guidelines for Public Entities

10 January 2022
Accounting
South African Accounting Academy

While public entities across national and provincial spheres of government have not implemented explicit compensation ceilings, National Treasury considers it prudent that they adopt and adhere to all central instructions relating to compensation management and associated cost savings measures.

As with departments at the national sphere of government, public entities are also expected to manage and monitor implementation of compensation budgets and headcount numbers with the view to identify sources of cost pressures so that corrective measures can be taken.

These guidelines provide additional information and guidance applicable to Public Entities over and above the generic requirements applicable to departments.

Click here to download the Guideline:

http://www.treasury.gov.za/publications/guidelines/2022%20MTEF%20COE%20Guidelines%20-%20Public%20Entities.pdf

How does this affect you and your clients?

Relevance to Auditors, Independent Reviewers & Accountants:

Only applicable to public entities, and you might need to advise your client accordingly.

Relevance to Your clients:

Only applies to public entities for the preparation of expenditure estimates for the 2022 Medium Term Expenditure Framework (MTEF).

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