Portfolio committees exercise oversight over their respective departments and agencies in line with their Constitutional mandate set out in section 55(2) of the Constitution (No. 108 of 1996) and section 27 (4) of the Public Finance Management Act (No. 1 of 1999). Due to the re-structuring of ministries and departments, budgets have yet to be realigned. The establishment of the Ministry of Economic Development impacts on the Trade and Industry budget. Funds will be allocated to the Department of Economic Development once the functions have been clearly outlined.