As House pass amended Public Financial Management Act
By Mark N. Mengonfia
The House of Representatives in Liberia has passed in its totality a recommendation from its committee on Ways Means and Finance to enact the Public Financial Management amendment and restatement of the Public Financial Management Act.
The members of the House reached the decision earlier this week when they received a report from committee on Ways, Means and Faience.
In its recommendation, the Committee modified the submission from the Executive.
As presented by the Executive, “Minister, President and the Legislature may request auditor General audit. The financial affairs of the government or any public property.” And the modified version says: “The financial affairs of the government or any public property. The Legislature may request an audit of all agencies of Government including Central Bank of Liberia as when it deems necessary.”
The Capitol Building, seat of Liberian Legislature
The House of representative committee also amended the portion of the submission from the Executive. The Act confers powers on any person or authority to waive or vary a tax imposed by that Act, and that person or authority shall report to the Legislature on the exercise of those as often as shall be determined by the law, but not less them every six months; the six months was amended to three months.
Additionally, the submission from the Liberian president had it that “ provide a strong and effective internal control of Government Budget preparation, execution, and accounting processes, in which the office of the Comptroller and Accountant General shall have direct control over all comptrollers and Accountants in every line ministries and agencies of the Central Government.
The above submission was amended to say, “that the Legislature will have the authority and power to request the audit of the Central Bank of Liberia, by the General Auditing Commission as and when it deems it necessary.”
Also, the submission from the President had it that “the bill when enacted, will make more pronounce the effectiveness and efficiency of our public financial management system”, this passion was as well amended to say that will strengthen Legislative oversight on all sectors of the Government including the Central Bank of Liberia.
The House Committee in their report to the Plenary said that they made use of Rule 52.4 of their Rules and procedures through public hearings and consultations. The Committee told the House Plenary that they made use of implementation framework analysis done by the Ministry of Finance and Development Planning.
According to Rule 52.4 “All hearings conducted by committees or their sub-committees shall be opened to the public, except such matters as will lead tot he disclosure of confidential or secret information, information harmful to the national defense, society and security of the state and in the covert conduct of Liberia’s defense, affairs, as well as the proceedings of an executive session”
The Committee, headed by Montserrado County District #5 Representative, Thomas P. Fallah, said that at those hearings, testimonies, views and concerns were gathered from the Ministry of Finance and Development Planning supported by the public financial experts, and post experienced comptrollers and officials of government.
With this passage of the amended Public Financial Management law by the lower House of the Legislature, this instrument will now make its way to the Liberian Senate for concurrence and subsequent to be later forwarded to the President of Liberia for approval.
By Mark N. Mengonfia
The House of Representatives in Liberia has passed in its totality a recommendation from its committee on Ways Means and Finance to enact the Public Financial Management amendment and restatement of the Public Financial Management Act.
The members of the House reached the decision earlier this week when they received a report from committee on Ways, Means and Faience.
In its recommendation, the Committee modified the submission from the Executive.
As presented by the Executive, “Minister, President and the Legislature may request auditor General audit. The financial affairs of the government or any public property.” And the modified version says: “The financial affairs of the government or any public property. The Legislature may request an audit of all agencies of Government including Central Bank of Liberia as when it deems necessary.”
The House of representative committee also amended the portion of the submission from the Executive. The Act confers powers on any person or authority to waive or vary a tax imposed by that Act, and that person or authority shall report to the Legislature on the exercise of those as often as shall be determined by the law, but not less them every six months; the six months was amended to three months.
Additionally, the submission from the Liberian president had it that “ provide a strong and effective internal control of Government Budget preparation, execution, and accounting processes, in which the office of the Comptroller and Accountant General shall have direct control over all comptrollers and Accountants in every line ministries and agencies of the Central Government.
The above submission was amended to say, “that the Legislature will have the authority and power to request the audit of the Central Bank of Liberia, by the General Auditing Commission as and when it deems it necessary.”
Also, the submission from the President had it that “the bill when enacted, will make more pronounce the effectiveness and efficiency of our public financial management system”, this passion was as well amended to say that will strengthen Legislative oversight on all sectors of the Government including the Central Bank of Liberia.
The House Committee in their report to the Plenary said that they made use of Rule 52.4 of their Rules and procedures through public hearings and consultations. The Committee told the House Plenary that they made use of implementation framework analysis done by the Ministry of Finance and Development Planning.
According to Rule 52.4 “All hearings conducted by committees or their sub-committees shall be opened to the public, except such matters as will lead tot he disclosure of confidential or secret information, information harmful to the national defense, society and security of the state and in the covert conduct of Liberia’s defense, affairs, as well as the proceedings of an executive session”
The Committee, headed by Montserrado County District #5 Representative, Thomas P. Fallah, said that at those hearings, testimonies, views and concerns were gathered from the Ministry of Finance and Development Planning supported by the public financial experts, and post experienced comptrollers and officials of government.
With this passage of the amended Public Financial Management law by the lower House of the Legislature, this instrument will now make its way to the Liberian Senate for concurrence and subsequent to be later forwarded to the President of Liberia for approval.
By Mark N. Mengonfia
The House of Representatives in Liberia has passed in its totality a recommendation from its committee on Ways Means and Finance to enact the Public Financial Management amendment and restatement of the Public Financial Management Act.
The members of the House reached the decision earlier this week when they received a report from committee on Ways, Means and Faience.
In its recommendation, the Committee modified the submission from the Executive.
As presented by the Executive, “Minister, President and the Legislature may request auditor General audit. The financial affairs of the government or any public property.” And the modified version says: “The financial affairs of the government or any public property. The Legislature may request an audit of all agencies of Government including Central Bank of Liberia as when it deems necessary.”
The House of representative committee also amended the portion of the submission from the Executive. The Act confers powers on any person or authority to waive or vary a tax imposed by that Act, and that person or authority shall report to the Legislature on the exercise of those as often as shall be determined by the law, but not less them every six months; the six months was amended to three months.
Additionally, the submission from the Liberian president had it that “ provide a strong and effective internal control of Government Budget preparation, execution, and accounting processes, in which the office of the Comptroller and Accountant General shall have direct control over all comptrollers and Accountants in every line ministries and agencies of the Central Government.
The above submission was amended to say, “that the Legislature will have the authority and power to request the audit of the Central Bank of Liberia, by the General Auditing Commission as and when it deems it necessary.”
Also, the submission from the President had it that “the bill when enacted, will make more pronounce the effectiveness and efficiency of our public financial management system”, this passion was as well amended to say that will strengthen Legislative oversight on all sectors of the Government including the Central Bank of Liberia.
The House Committee in their report to the Plenary said that they made use of Rule 52.4 of their Rules and procedures through public hearings and consultations. The Committee told the House Plenary that they made use of implementation framework analysis done by the Ministry of Finance and Development Planning.
According to Rule 52.4 “All hearings conducted by committees or their sub-committees shall be opened to the public, except such matters as will lead tot he disclosure of confidential or secret information, information harmful to the national defense, society and security of the state and in the covert conduct of Liberia’s defense, affairs, as well as the proceedings of an executive session”
The Committee, headed by Montserrado County District #5 Representative, Thomas P. Fallah, said that at those hearings, testimonies, views and concerns were gathered from the Ministry of Finance and Development Planning supported by the public financial experts, and post experienced comptrollers and officials of government.
With this passage of the amended Public Financial Management law by the lower House of the Legislature, this instrument will now make its way to the Liberian Senate for concurrence and subsequent to be later forwarded to the President of Liberia for approval.
By Mark N. Mengonfia
The House of Representatives in Liberia has passed in its totality a recommendation from its committee on Ways Means and Finance to enact the Public Financial Management amendment and restatement of the Public Financial Management Act.
The members of the House reached the decision earlier this week when they received a report from committee on Ways, Means and Faience.
In its recommendation, the Committee modified the submission from the Executive.
As presented by the Executive, “Minister, President and the Legislature may request auditor General audit. The financial affairs of the government or any public property.” And the modified version says: “The financial affairs of the government or any public property. The Legislature may request an audit of all agencies of Government including Central Bank of Liberia as when it deems necessary.”
The House of representative committee also amended the portion of the submission from the Executive. The Act confers powers on any person or authority to waive or vary a tax imposed by that Act, and that person or authority shall report to the Legislature on the exercise of those as often as shall be determined by the law, but not less them every six months; the six months was amended to three months.
Additionally, the submission from the Liberian president had it that “ provide a strong and effective internal control of Government Budget preparation, execution, and accounting processes, in which the office of the Comptroller and Accountant General shall have direct control over all comptrollers and Accountants in every line ministries and agencies of the Central Government.
The above submission was amended to say, “that the Legislature will have the authority and power to request the audit of the Central Bank of Liberia, by the General Auditing Commission as and when it deems it necessary.”
Also, the submission from the President had it that “the bill when enacted, will make more pronounce the effectiveness and efficiency of our public financial management system”, this passion was as well amended to say that will strengthen Legislative oversight on all sectors of the Government including the Central Bank of Liberia.
The House Committee in their report to the Plenary said that they made use of Rule 52.4 of their Rules and procedures through public hearings and consultations. The Committee told the House Plenary that they made use of implementation framework analysis done by the Ministry of Finance and Development Planning.
According to Rule 52.4 “All hearings conducted by committees or their sub-committees shall be opened to the public, except such matters as will lead tot he disclosure of confidential or secret information, information harmful to the national defense, society and security of the state and in the covert conduct of Liberia’s defense, affairs, as well as the proceedings of an executive session”
The Committee, headed by Montserrado County District #5 Representative, Thomas P. Fallah, said that at those hearings, testimonies, views and concerns were gathered from the Ministry of Finance and Development Planning supported by the public financial experts, and post experienced comptrollers and officials of government.
With this passage of the amended Public Financial Management law by the lower House of the Legislature, this instrument will now make its way to the Liberian Senate for concurrence and subsequent to be later forwarded to the President of Liberia for approval.