Government is making substantial progress in the implementation of the Public Financial Management (PFM) Reform Programme, says secretary to the Treasury Fredson Yamba.
Mr Yamba said to ensure effective and comprehensive refinement of PFM, its reforms will target integrated improvements in planning and budgeting and financial management.
The reforms would also target perfecting the information system, cash management, public procurement, internal audit and control, revenue administration, strengthening tax policy formulation and programme management.
This is contained in a statement released by Ministry of Finance public relations officer Chileshe Kandeta in Lusaka yesterday.
Mr. Yamba said work on the Planning and Budgeting Bill has progressed and that a draft will soon be ready.
He added that consistent with Government’s commitment to reach higher levels of financial governance, the Zambia Public Procurement Authority (ZPPA) had made arrangements to facilitate the design and implementation of an electronic procurement system.
“Introduction of an electronic procurement system at ZPPA will result in the comprehensive improvement of project implementation and quicken the pace at which the benefits of Government’s development initiatives accrue to the public,”he said