Delayed payments from government put financial strain on youth and small businesses... 2013-11-29 Payments within 30 days will assist in the formation and continued sustainability of small businesses and the creation of thousands of jobs so desperately needed to eliminate poverty and attain equality. Payment of suppliers within 30 days is a requirement in terms of Section (1) (f) of the Public Finance Management Act and Treasury Regulations which stipulates quite clearly that accounts are to be settled within 30 days and that non-compliance with this requirement constitutes financial misconduct in terms of section 81 of the PFMA. Unfortunately we have not seen any action taken against accounting officers and/or Heads of Departments transgressing this requirement. The National Development Plan (NDP) quite clearly states that citizens have the right to expect government to deliver certain basic services .The NDP further calls for radically improved government performance by getting the basics right , implementing government programmes , finding innovative solutions to complex challenges and holding people accountable for their actions. Delayed payments from government Departments put enormous financial strain on small businesses in particular, and leads to the demise and closure of businesses in direct contradiction to the prescripts of the National Development Plan. ISSUED BY FDYBF Edgar Legoale 0730569844
Posted on: Fri, 29 Nov 2013 08:42:37 +0000
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