Secretary to Treasury (ST), Ronald Mangani, has warned ministries, departments and agencies (MDAs) that with effect from January 2016 no one who fails to account for previous funding will receive new funding.
In a circular to the concerned parties, Mangani says Treasury expects to receive monthly expenditure returns, revenue commitment returns, bank reconciliations and payroll reports before releasing further funding to the agencies.
He further says Treasury expects to receive the said reports in an appropriate format and in conformity with the desired standards.
He says templates of the reports have been provided to all controlling officers and heads of agencies respectively.
According to Mangani, MDAs are expected to submit these reports to Treasury within 14 days from the end of the month to which they relate as stipulated by the Public Finance Management Act.
Economists Association of Malawi (Ecama) president Henry Kachaje has welcomed the development.
Said Kachaje: “I believe this is one of the measures that will enhance accountability and prudent use of government resources. Treasury must also be firm to ensure that these guidelines are followed and those controlling officers who do not comply should face disciplinary measures.”
Kachaje added that, if necessary, controlling officers who continually fail to meet these guidelines must be relieved of their duties so that their inefficiencies should not derail progress in this nation. n