Online Version

Facebook Feed

  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • Miss Botswana 2022 is the Face of KGK DiamondsJanuary 19, 2023
    Its been an exciting first week back to her MBW duties and we kick off the year with an official announcement that Our Queen is The face of KGK Diamonds. Lesego Chombo alongside Nigel Amos was the show stopper […]
  • Executives to watch in 2023January 19, 2023
    A year is often too short to demonstrate your worth, yet that’s exactly what the newly appointed Chief Executive Officers (CEOs) have to do to show that they deserve their enviable roles. PATRIOT BUSINESS looks at CEOs who shall […]
  • BLP TEST AP/BCP UNITY TALKSJanuary 19, 2023
    BAKANG TIRO editors@thepatriot.co.bw The new entrant in the cooperation talks between Alliance for Progressives (AP) and Botswana Congress Party (BCP) – Botswana Labour Party (BLP) has thrown spanner in the works by demanding that both AP and BCP yield […]
  • About Us
  • Advertise
  • Disclaimer
  • Contact Us
  • Login
  • Register
Friday, January 27, 2023
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

SADC’s public financial management model law ready for adoption

patriot by patriot
May 6, 2022
in News
247 5
0
SADC’s public financial management model law ready for adoption
491
SHARES
1.4k
VIEWS
ShareShareShare

SADC members of parliament have made last comments on the bloc’s proposed Public Financial Management (PFM) Model Law, crafted by the region’s Parliamentary Forum. The development comes ahead of the tabling of the Model Law on PFM for adoption at the SADC Parliamentary Forum’s 51st Plenary Assembly in Lilongwe, Malawi in June. The validation meeting was convened last week in Johannesburg, South Africa and SADC PF is optimistic the bloc will resoundingly adopt the SADC Model Law on Public Financial Management (PFM). “This Model Law on PFM is the first such legal instrument ever developed anywhere in the world.

The SADC-PF has thus set itself the ambitious task of devising a harmonised body of legal norms on PFM which would respond to international best practices and contribute to democratic accountability for the SADC region,” said Boemo Sekgoma, Secretary General, of the SADC Parliamentary Forum. Sekgoma said provisions of the Model Law have been formulated from a parliamentary perspective, to facilitate domestication, and to give the strong signal that it is Parliament’s duty to exercise oversight over the Executive on PFM. “We have now set the ball rolling and the Model Law will need your support as MPs to be unpacked at the national level. “Even before domestication, there will be a need to bring the Model Law provisions to the Executive and to departments which are concerned with PFM,” said Sekgoma.

Sharing his comments on the PFM Model Law, Dumelang Saleshando, Botswana’s Opposition Member of Parliament said there is always a problem of oversight on the local parliament, backbenches from the ruling party act in unison with the executive, rendering parliamentary oversight irrelevant. “The desire is to make sure that we do have appropriate up to date legislation and that the model law will be important for Botswana to reflect on what we have versus what happens in the most ideal situations,” said Saleshando. Meanwhile, Eswatini’s Member of Parliament Strydom Mpanza said the Model Law will help each individual jurisdictions in scrutinizing its own PFM tools, to see if they are responsive to the need of safeguarding public finance. “It is one of the best models.

We wish every single member state to take it seriously and make good use of it,” said Mpanza. He bemoaned that the developing countries are losing a lot of money to corruption in public finance management. “We need to find ways in which member states can re-engineer their means and ways of doing things, so that every single public fund is used where it’s supposed to be used,” said Mpanza.

Source: Clare Musonda

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • Miss Botswana 2022 is the Face of KGK DiamondsJanuary 19, 2023
    Its been an exciting first week back to her MBW duties and we kick off the year with an official announcement that Our Queen is The face of KGK Diamonds. Lesego Chombo alongside Nigel Amos was the show stopper […]
  • Executives to watch in 2023January 19, 2023
    A year is often too short to demonstrate your worth, yet that’s exactly what the newly appointed Chief Executive Officers (CEOs) have to do to show that they deserve their enviable roles. PATRIOT BUSINESS looks at CEOs who shall […]
  • BLP TEST AP/BCP UNITY TALKSJanuary 19, 2023
    BAKANG TIRO editors@thepatriot.co.bw The new entrant in the cooperation talks between Alliance for Progressives (AP) and Botswana Congress Party (BCP) – Botswana Labour Party (BLP) has thrown spanner in the works by demanding that both AP and BCP yield […]
The Patriot On Sunday

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?