What are the objectives of the Fiscal Procedures & Financial Accountability Act?

The objectives of the Fiscal Procedures & Financial Accountability Act are to promote financial accountability and transparency in the fiscal management of public funds. It aims to achieve this by establishing clear guidelines and procedures for the preparation and execution of the national budget, ensuring the efficient use of public resources, and preventing financial misconduct and mismanagement. The Act seeks to strengthen financial controls and safeguards, enhance fiscal discipline and responsibility, and promote the public's confidence in the government's financial management. Additionally, it aims to facilitate effective monitoring and reporting of financial activities, enabling policymakers and the public to make informed decisions based on accurate and reliable financial information.

This mind map was published on 28 November 2023 and has been viewed 24 times.