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"content": "Hon. Speaker, the Government will continue to resource and strengthen the capacity of institutions that provide oversight to the PFM, including the National Treasury, Office of the Controller of Budget, Office of the Auditor-General and the Public Procurement Regulatory Authority. We now have in place a new procurement law and public audit law. All public institutions are hereby required to familiarise themselves with those laws, and strictly adhere to the requirements therein. During the Financial Year 2015/2016, we tightened the release of exchequers to ministries and departments so as to ensure efficient use of public resources and reduce wastage. This policy will continue in the Financial Year 2016/2017. This will be complemented by full adoption of the National Treasury single account by September 2016, which will ensure efficient and effective cash management."
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