Published On: Tue, Mar 21st, 2017

Financial management

That the country’s financial management needs improvement is old news. But that the books are altered after the fact is something new. Apparently that happened in 2015 if we go by the letter from the Cft to the finance ministry.

There are other violations too and one of them requires immediate attention. Ministries have been exceeding their budgets (in 2015) while there was no approval to do this from Parliament.

The question is of course: how would parliamentarians become aware of such violations? They surely do not get a red alert the day after something like this happens.

It is therefore a good thing that the ministries now have to file a monthly report about what they have been doing with their budget. It narrows the window for wrongdoing and gives Parliament – if it gets these reports – the option to intervene.