The objects of this Act are to—
| a) | provide for the equitable division of revenue raised nationally among the three spheres of government; |
| b) | promote better co-ordination between policy, planning, budget preparation and execution processes between and within the different spheres of government; |
| c) | promote predictability and certainty in respect of all allocations to provinces and municipalities, in order that such governments may plan their budgets over a multi-year period; |
| d) | promote transparency and equity in the resource allocation process; and |
| e) | promote accountability by ensuring that all allocations are reflected on the budgets of receiving provinces and municipalities, and by ensuring that the expenditure of conditional allocations is reported on by the receiving provinces and municipalities. |
