Public Money Management Regularization Act (2017)
Amended Public Finances (Management) Act (PFMA) 1995
National Procurement Act (NPA) 2018
Financial Management Manual
In 2015 a Public Expenditure and Financial Accountability (PEFA) assessment was conducted by International Monitoring Fund (IMF) and a full detailed report was presented to the Government. PEFA recommendations were aligned with the Government policy; Vision 2050 and the Medium Term Development Plan (MTDP) 2030. In the report action items were aligned to sectors and assigned to agencies for implementation.
Financial Management Reforms were given to the Finance Department to implement as the lead agency on financial management matters.
Since 2015 and the creation of the PEFA Report, the Finance Department has taken the leadership role in carrying out massive reforms in the Public Finance Management (PFM) space, with the support of donor agencies. The PFMA reform drive really got into gear in 2016 and, so far, the PFMA has been amended, non-tax revenue management legislation has been passed and operation and new procurement law has been passed and will soon be commenced.