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Financial Management And Powers Of Principal Accounting Officers Regulations, 2021.pdf

FMP_Reguations_2021.pdf
Preview of Financial Management and Powers of Principal Accounting Officers Regulations, 2021
🔗 Source: finance.gov.pk
📊 Size: 855 KB
👤 Author: pcp
⬇️ Downloads: 184

Summary

The Government of Pakistan's Finance Division has approved the Financial Management and Powers of Principal Accounting Officers Regulations, 2021, under the Public Finance Management Act, 2019. These regulations aim to ensure effective financial management in federal government ministries, divisions, and departments. Key aspects include:

Designation of principal accounting officers, who will be responsible for financial matters and accountable to Parliament.
 Criteria for designating principal accounting officers, including being head of department or controlling a specific budgetary demand.
Process for designating principal accounting officers, which involves recommendation by the administrative Secretary and approval by the Prime Minister.
 Responsibilities of principal accounting officers, including adhering to financial propriety, using resources efficiently, and formulating plans and budgets.
* Accountability of principal accounting officers before Parliament and relevant committees for the use of resources and expenditure.

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Description

The Government of Pakistan's Finance Division has approved the Financial Management and Powers of Principal Accounting Officers Regulations, 2021, under the...

Technical Information

  • File Format: PDF
  • File Size: 855 KB
  • Pages: 38
  • Language: EN
  • Author: pcp
  • Total Downloads: 184
  • Last Updated: 12 hours ago

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