Finance Secretary Dr. Ken Ngangan, has come out in defense of the Finance Management System, following allegations by the Electoral Commissioner that K20 million of Electoral funds had been diverted to fund the government Tuition Fee Free Policy.
In a statement this afternoon, Dr. Ngangan said according to the Public Finance Management Act, when a warrant is issued, there is no way the funds will be diverted because to do otherwise, would be an outright breach.
He said on February 1, the first transfer of K20 million of Electoral funds was done and the remaining balance of another K20 million will be disbursed over the coming weeks.
Yesterday, Electoral Commissioner Patilias Gamato, said in a statement, that total of K40 million in election funds was released by the Finance Department last week to PNGEC’s account, but only K20 million was uploaded while the other K20 million was removed.
