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An Act to make provisions to strengthen accountability , oversight, management and control of public funds in the public financial management framework with the view to improving fiscal policy for better macroeconomic management; to clarify institutional responsibilities related to financial management; to strengthen budgetary management, to facilitate public scrutiny of fiscal policy and performance; to repeal the sections 8 and 14 of part II of the Finance Act, No. 38 of 1971; to repeal the Fiscal Management (Responsibility) Act, No. 3 of 2003 and to provide for matters connected therewith or incidental thereto.

Date of Commencement: 9th August, 2024 [except for ss. 11(5)(f), 17(1), 18(2)(b), 36 and 47(1)(a)].

See: Public Financial Management Act.

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