Public Finance Management Act

PUBLIC ACCOUNTS COMMITTEE REPORT ON COMPLIANCE ISSUES FOR THE MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

This report was presented to the National Assembly by the chairperson of the Public Accounts Committee, Hon Tendai Biti, on Thursday 18th July 2019.

The full report can be downloaded below.

Selected extracts from the report are set

3.      SIGNIFICANCE OF THE MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

Public Finance Management Amendment Act, 2016

This important Act was gazetted as Act No. 6 of 2016 on 28th October 2016.  It came into operation the same day.

The Act makes major amendments to the Public Finance Management Act of  2009.  These amendments concern the interaction between responsible Ministries in central Government and its "public entities" (statutory bodies and Government-controlled companies) over which Ministries exercise oversight.  Stricter provision is made for —

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