Public Finance Management Act Updated as at 31 October 2016

The Public Finance Management Act is an Act  to provide for the control and management of public resources and the protection and recovery thereof; to provide for the appointment, powers and duties of the Accountant-General and of his or her staff; to provide for the national budget; to provide for the preparation of financial statements; to provide for the regulation and control of public entities; and to provide for general treasury matters; to provide for the examination and audit of public accounts; to provide for matters pertaining to financial misconduct of public officials;

The Act dates from 2009.  Last year, 2015, and this year, 2016, it has been amended three times, by the Public Debt Management Act of 2015, and the General Laws Amendment Act (No. 3 of 2016) (mainly aimed at aligning the Act with the present Constitution) and, most importantly, by the Public Finance Management Amendment Act  (No. 6 of 2016), which was gazetted and came into force on 28th October 2016. 

This document prepared by Veritas incorporates all amendments made to the Act since its original enactment up to and including Act 6 of 2016.  It reflects the state of the Act as at 31st October 2016.

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