Financial Act -2003

Financial Administration Act, 2003 Financial Administration Act, 2003 ARRANGEMENT OF SECTIONS

Act 654

Section PART I—CONTROL AND MANAGEMENT OF PUBLIC FUNDS 1. Powers and responsibilities of the Minister 2. Duties of the Minister 3. Appointment and duties of the Controller and Accountant-General 4. Appointment and duties of the Deputy Controller and Accountant-General PART II—PUBLIC FUNDS 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. Public funds Consolidated Fund The Contingency Fund Other special funds Custody of public moneys and moneys received in trust for Government Payment for services rendered by Government departments Receipt and payment of deposits Deletion from the accounts Payment out of the Consolidated Fund Appropriation of public money Charges on appropriation and orders for disbursement Payment for work done Payment for contracts Government contracts Modalities for making payments out of the Consolidated Fund Balance of appropriation Investment of public moneys in securities Advances from the Consolidated Fund Loans from the Consolidated Fund Equity investments of the Consolidated Fund PART III—REVENUE AND EXPENDITURE Estimates of revenue and expenditure Expenditure in advance of appropriation Duration of appropriations and warrants Tax revenue Non-tax revenue 1

25. 26. 27. 28. 29.

Act 654

Financial Administration Act, 2003 Financial Administration Act, 2003

30. 31. 32. 33. 34. 35. 36. 37.

PART IV—GOVERNMENT STORES Government stores Joint acquisition of stores Responsibility for government stores Procurement of stores Transfer of Government stores Discharge of accountability for Government stores Special enquiry Application of stores PART V—ACCOUNTS AND AUDIT Basis of accounts Classification of accounts Monthly statement of public accounts Annual statement of accounts Closure of accounts Financial year Audit of accounts PART VI—STATUTORY CORPORATIONS AND OTHER PUBLIC INSTITUTIONS Application of this...