• regulate financial management in the national government and provincial governments; 
• to ensure that all revenue, expenditure, assets and liabilities of those governments are managed efficiently and effectively; and
• to provide for the responsibilities of persons entrusted with financial management in those governments.

This chapter gives emphasis to the need for transparency, accountability and the effective financial management of the economy.  Provinces and local authorities are to be funded out of national revenues, but the provinces can also impose certain taxes and levies, and municipalities can charge rates on property and fees for services.