Tuesday, May 12

Tag: PFM Compliance

Ministry of Finance Launches PFM Compliance League Table to Boost Accountability
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Ministry of Finance Launches PFM Compliance League Table to Boost Accountability

The Ministry of Finance has introduced a Public Financial Management (PFM) Compliance League Table as part of efforts to strengthen transparency, fiscal discipline, and accountability in the management of public resources. The initiative, described as a landmark step, fulfills the government’s commitment outlined in the 2025 Budget Statement to publish an objective and evidence-based assessment of how public institutions comply with the Public Financial Management Act, 2016 (Act 921), its regulations, and related laws. According to the Ministry, the League Table serves as a performance benchmarking tool that measures how well public institutions adhere to established rules and procedures governing the use of public funds. By ranking institutions based on their compliance levels, t...
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