27 C
Port Moresby
May 16, 2021
News

Public Finance Management Act to be amended

Share the News

The Department of Finance is to amendthe Public Finance Management Act to fast trackthe flow of goods and services out of Waigani.

Finance Minister, James Marape says this will also be a framework to guidethe expenditure of public funds.

Draft FinanceInstruction 01/2013 tothe media.

Marape’saidthe Amendments to section-37 ofthe finance Management Act will now see monies can be processed faster for service providers.

Minister Marape’says processes of Procurement and awarding of contracts will be strictly followed by custodians ofthe funds.

LLG’s this time have been given prominence with K500 000 each under Service Improverment Program for village and ward developments.

Provincial Government Budgets stand at hundreds of millions of kina, and DSIP funds at K10 million for each district.

Alice Thomas, National EMTV News

https://youtube.com/watch?v=xGYVr8wefyQ%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

Related posts

Goilala MP on Electoral Officers

EMTV Online

Over 300 Patients Treated with Eye Care Services

Lillian Keneqa

More school materials needed to implement Standard-Based Curriculum

Rayon Lakingu
error: Content is protected !!