In a statement made available to the media, Mrs Mwanakatwe says the Statutory Instrument number 42 of 2018, the Public Financial Management Act (commencement ) order 2018, was gezetted and published by the Government Printer on Wednesday,30th May,2018.
She says it envisaged that with effective enforcement of the Public Finance Management Act no.1 of 2018, transparency and accountability in public finance management in Zambia will tremendously improve.
Mrs Mwanakatwe says incidences of misuse and theft of public resources will also be reduced and ultimately eliminated.
She states that this will have a positive impact on resource allocation and eventually improve public service delivery.
The Finance Minister adds that in accordance with the Act, any person who breaches provisions of the Public Finance Management Act no.1 of 2018 will be fined, suspended, demoted dismissed, or prosecuted, accordingly.
She further states that the Act gas been imbedded with provisions to facilitate the operation of the Treasury Single Account and the Integrated Financial Information Management Systems.
She explains that in this regard, the Act will provide a platform for further regulation of electronic financial transactions within the framework of Public Financial Management.
Mrs Mwanakatwe says this is in line with the Government’s e-government policy and is expected to reduce operational costs, improve resource allocation, promote efficiency in management of public resources, and enhance public service delivery.
She adds that with effect from 30th May, 2018, the gazette date for the Public Finance Management Act (commencement) order, 2018, board members of state owned enterprises and statutory corporations will individually and severally be accountable for their decisions.
She says this is aimed at improving the levels of decision morality,transparency,accountability,and integrity among persons in positions of accountability.
Mrs Mwanakatwe has further stated that the Public Finance Management Act no.1 of 2018 also empowers the Secretary to the Treasury to deal with non-performing Controlling officers and Controlling bodies
Strategic Management Solutions … Let’s roll
I don’t agree with a fine when someone has stolen public funds and or abused state resources.
To completely eliminate that, fines should start from public prosecution and then dismissal. Fines are vehicles of corruption.
You will deter a lot more people if this instrument is to achieve anything of substance
Not good enough to me.
Thanks
BB2014,2016
I attach a very low probability on its chances of success. Not when people are aware of plain theft of public resources and they still cannot take action.
Here is JUNIOR showing us how “book smart” he is ….really laughable …but equally bankrupt in the commonsense department.
It’s a case of closing the stable doors after the horses have already bolted. Zambian Govt is already BANKRUPT due to theft through loans for infrastructure.
There’s nothing left to steal. BOZ has started eating into foreign reserves which are now paltry $1.8 Billion. They’ve even stopped publishing statistics on their website since LUNGU started destroying the economy.
BOZ was getting loans to prevent Kwacha from the bleeding exercise. But for how long can you defy gravity?
Ala mukose guys.
Jay Jay … I love you all the same!!! Now, back to common sense, it’s not that common at all, that’s why low IQ guys like you spend day and night fighting for wrong causes.
You Can Be Book Smart And That Will Take You Places; But Without Common Sense, You Go Through Life As A Grinding Stone ~ B R Mumba, Sr. (There you have it; inspired by JJ)
It’s The Combination Of Book Smarts And Common Sense That Runs The World While All Others Simply Run Their Mouths ~ B R Mumba, Sr. (There you have it; inspired by JJ)
Wow!!! I love my brain, thank God for giving me such a brilliant brain ~ what a sweet life!!! That’s some blue sky stuff, not only booksmart and common sense tact but also inspirational and philosophical ~ thanks JJ.
And back to Margaret, there shouldn’t be perception of…
Continued…
And back to Margaret, there shouldn’t be perception of leniency in this statutory instrument. By all means it should be a deterrent to anything perceived to be corrupt.
Zambia Is Greater Than Any Single One Of Us ~ B R Mumba, Sr.
Original Content, No Copyrights Reserved ~ Credits – Jay Jay
Window dressing as usual. What will do if Kaiser Zulu and his thug friend Lungu are behind the theft?
PF has destroyed Zambia. We need a massive revolution.
Apparently Mwanakatwe’s health is severely damaged because of too much illegal groinery “sansamcation”. And why are all Chipata girls so fat and this ugly, bushe e michila ya bakoswe balelya!
Chances are that you are not even bemba but a UPND sympatheser who has has nothing to do because PF won in Chilanga
Why judge women by their looks? Do you know how much psychological damage you cause to women by that bad habit? Maggie Mwanakatwe isn’t finance minister because of what she looks like. Judge her by what she is doing. She cannot do anything about what she looks like. Besides she is a mother and wife of someone. Respect that if not nothing else.
Why do people think that Chipata is Eastern Province. It is the only Province in Zambia that in people’s minds is also called by the Provincial capital.
For the first time Mushota has said something sènsible. You need to provide more guidance on how fines will be conducted otherwise it can be a catalyst for more corruption. Good document though.
That’s because there is a sober minded learned LT Admin on duty today running that blogger’s account
PF has mismanaged the economy from 6% growth now down to 3point something percent.
The party PF = Public Foolz
There are other loopholes that need tightening. Seminars, workshops are such. Inflated hotel/lodge bills, exaggerated sitting allowances etc. These are difficult to catch but with will, they can be stemmed. One way is to ban use of private conference facilities and embed sitting allowances into salaries so that workshops become part of job description. We think and lets use our optimal brain functionalities.
Workshops are just the tip of the iceberg…Old man Sata tried to curb on them but hit a brick-wall as they are part and parcel of Public service development..its the misappropriation of budgeted funds and misuse of funds..these reckless foools simply wake up and get funds from Toll fees divert it to fighting cholera just like that without shame.
Mismanaging the economy is what PF does as its specialization. Now Zambia only grows a slow 3% which will never eliminate poverty.
Its the selfsame story all the time, same thing Accountant Mutati was singing about…no one has been arrested of misappropriation of funds at PS level…the figure of abused funds keeps getting bigger and bigger every year and these reckless fooooools keep promising the same lies.
Someone steals $1 million US Dollars to supply a Fire Tender worth $250,000 and you say when such is caught, they should be fined ZMW 10,000. Does that SI make sense on fines?
It would have made sense if such white collar criminals are executed for their barbaric acts that are genocidally sending many Zambians to early miserable deaths!
Exactly…moreover to them as far as they are concerned that procurement and tender process was above board and clean even when the winning bidder had never supplied such equipment, the company was created less than two years ago and the equipment is $750,000 overpriced…..
Another nosense from a useless hopless government. May God help us
Issues of paramount importance like this one dull cadres avoid like snails avoid salt…yet when it comes to voting in dull MPs to sit in parliament irrespective of party for 3 years shouting “hear hear hear” and receiving a gratuity of $100,000…they will type paragraph after paragraph yet they wonder why Rwanda is cleaner than the front of their yard.
Laws already exist to deal with corruption and theft in public offices, you do not have to issue additional laws ,you the minister and your president do not respect.
Good job Madm Minister! Insolent tribalists will continue to suffer with pain, bitterness, anger, unforgiveness, hatred, tribalism and st00lpidity.
This is a good move but only if it is wholly implemented without fear or favour. Not when the person stealing happens to be a symphathiser of the ruling party and so you just give him a slap on the wrist. The punishment must befit the crime.
Chanchima,
If you appreciate ugly girls like Mwanakatwe and Elephantisis Nkandu Luo, go ahead, me I will never appreciate these aesthetically repulsive creatures of Eve!
Mulenga:If that is your point, then beauty queens should be the ones to run our public affairs. What kind of thinking is that? Quarrel with Margaret Mwanakatwe on what she is doing or not doing in her job. Attitudes such as yours drive women to do apply all sorts of things on their faces in the mistaken belief that it enhances their chances in the relationships market. And the cosmetics industry and the beauty magazines it sponsors comes in to take advantage. Many women don’t know the hidden messaging in these magazines and they get phished.
She is illegally in office.