Govt re­views pub­lic fi­nance Act

Chronicle (Zimbabwe) - - Business Chronicle - Oliver Kazunga Se­nior Busi­ness Re­porter

THE Gov­ern­ment has started the process to amend the Pub­lic Man­age­ment Fi­nance Act to align it with the new Con­sti­tu­tion.

Yes­ter­day a stake­holder con­sul­ta­tive work­shop was held in Bu­l­awayo by the Min­istry of Fi­nance and Eco­nomic De­vel­op­ment to dis­cuss the is­sue.

Inter-Min­is­te­rial Tech­ni­cal Com­mit­tee ex­pert Dr Onai Muvingi said the cur­rent Act was pro­mul­gated be­fore the new Con­sti­tu­tion that was adopted in 2013 hence it was not in sync with the coun­try’s supreme law.

“The cur­rent PFMA was pro­mul­gated in 2010 and now the ob­jec­tive is to en­sure that the Act is in line with the Con­sti­tu­tion that was en­acted in 2013.

“The ob­jec­tive of this stake­holder con­sul­ta­tive work­shop is that we are dis­cussing the PFMA to re­view and align it with the new Con­sti­tu­tion,” said Dr Muvingi.

She said some of the prin­ci­ples that should guide the PFMA are trans­parency and ac­count­abil­ity.

“We are rec­om­mend­ing the align­ment of the Act to the new Con­sti­tu­tion. Sec­tion 301 (1) of the Con­sti­tu­tion re­quires the en­act­ment of an Act of Par­lia­ment that pro­motes eq­ui­table al­lo­ca­tion of cap­i­tal grants be­tween pro­vin­cial and metropoli­tan coun­cils and lo­cal au­thor­i­ties; any other al­lo­ca­tions to prov­inces and lo­cal au­thor­i­ties and pro­vi­sion of any con­di­tions on which those al­lo­ca­tions may be made.

“The ap­pro­pri­ate Act that should im­ple­ment th­ese pro­vi­sions is the PFMA. Th­ese pro­vi­sions should be tied to the na­tional bud­get­ing process.

“The PFMA doesn’t have pro­vi­sions that are in­formed by this prin­ci­ple,” she said, adding that this means the PFMA was in con­trast with Sec­tion 301 (1) of the Con­sti­tu­tion.

Dr Muvingi also noted that prin­ci­ples of good gov­er­nance, na­tional de­vel­op­ment, em­pow­er­ment and em­ploy­ment cre­ation, gen­der bal­ance and equal­ity were pro­vided for by the coun­try’s Supreme law.

“The prin­ci­ples pro­vided for by the Con­sti­tu­tion were re­viewed in re­la­tion to the PFMA and whether they were in­cor­po­rated in this statute. The only prin­ci­ples that are pro­vided for in the PFMA are trans­parency and ac­count­abil­ity,” she said.

For ex­am­ple, she said one of the ob­jec­tives of the PFMA is to se­cure trans­parency, ac­count­abil­ity and sound man­age­ment of the rev­enues, ex­pen­di­ture, as­sets and li­a­bil­i­ties.

“This means that the PFMA is nei­ther in­formed by the prin­ci­ples such as do­mes­ti­ca­tion of in­ter­na­tional in­stru­ments nor does it have gen­der sen­si­tive pro­vi­sions,” she said. — @okazunga

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.