BELA and Its Impact on Public Schools

Accountants working with public schools should be aware of the impact brought by the Basic Education Laws Amendment (BELA) Act recently signed into law. The changes include expanding compulsory education and centralising decision-making on admissions and language policies, which will put financial strain on schools. This means increased budgeting pressures, new compliance tasks, and finding creative solutions to meet the new operational demands without additional funding. This article provides crucial insights to help accountants navigate these changes effectively.