General Notice No. 1029 of 2022

Public Finance Management Act (1/1999) » Rate of interest on Government Loans

Title	Public Finance Management Act (1/1999) » Rate of interest on Government Loans
Department	National Treasury
Gazette	National Gazettes, No. 46366 of 13 May, 2022, 1 page(s), 51.9Kb

STAATSKOERANT, 13 MEI 2022                    No. 46366    23

NATIONAL TREASURY
                                                               NATIONAL TREASURY
                                                  NOTICE 1029 OF 2022

RATE OF INTEREST ON GOVERNMENT LOANS

It is hereby notified that the Minister of Finance has, in terms of Section 80(1)(a) and (b) of the

Public Finance Management Act, 1999 (Act No. 1 of 1999), fixed the Standard Interest Rate

applicable, from 1 May 2022 and until further notice, to loans granted by the State out of a
                   Revenue Fund, and /or to all other debts which must be paid into a Revenue Fund, at Seven,

seven five  percent (7.75%) per annum.

The above-mentioned Standard Interest Rate is applicable from 1 May 2022 and until further
                   notice, to all drawings of loans from State money, except loans in respect of which other rates of

interest are specifically authorized by legislation or the Minister of Finance.

Type your email for free alerts on latest National Treasury notices as they are published

greengazette

General Notice No. 1029 of 2022

Links

Publications

Insight