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2021/2022 Draft Budget

Section 16(1) of the Local Government Municipal Finance Management Act No. 56 of 2003 (MFMA) states that, the council of a municipality must for each financial year approve an annual budget for the municipality before the start of the financial year.

Section 16(2) further states that, in order for a municipality to comply with subsection (1), the mayor of the municipality must table the annual budget at a council meeting at least 90 days before the start of the budget year.

Regulation 9 of the Municipal Budget and Reporting Regulations (MBRR) further prescribes that the annual budget and supporting documentation of a municipality must be in the format specified in Schedule A and include all the required tables, charts and explanatory information, taking into account any guidelines issued by the Minister in terms of Section 168 (1) of the act.

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