Reporting Now Quarterly
The Ministry of Finance (MOF) will now submit quarterly reports to the Public Accounts Committee (PAC). This was confirmed by PAC chairperson, Biman Prasad yesterday. The ministry has now widened
24 Jun 2015 10:43
Public Accounts Committee Chairperson, Biman Prasad (left),Meredani Naisara(Ministry of Finance) and Committee member Balmindar Singh at the parliamentary committee room yesterday. Photo: Litia Cava
The Ministry of Finance (MOF) will now submit quarterly reports to the Public Accounts Committee (PAC).
This was confirmed by PAC chairperson, Biman Prasad yesterday.
The ministry has now widened its monitoring net to include all balance sheet items, in response to the Auditor-General’s 2007-2009 report. The ministry has also implemented restrictions on those ministries who continued with non-compliance. These restrictions include holding of various requests such as; cash-flow, adjustments, virements and requests to incur expenses.
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