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Reform of public tender processes part of fiscal enhancement measures- Finance Minister

Oct 01, 2016 News

In keeping with its commitment to strengthen public procurement systems, the government has since contracted a consultant to begin work during the second half of 2016 to improve and transform the existing processes and systems at the National Procurement and Tender Administration Board (NPTAB).
According to Finance Minister, Winston Jordan, works will include the development of operations manuals, training, the development and implementation of a manual system, upgrading of the NPTAB website and the development of a database and reporting system.
He said that this will lay the groundwork for the implementation of an e-procurement system in the future.
Speaking on other fiscal reforms, Jordan said that the government has begun upgrading the Integrated Financial Management System (IFMAS) to become more user-friendly with expanded functionality.
He said that the existing modules are being expanded and two new modules are being implemented: an asset module and a purchasing module. He said that these improvements aim to promote reporting capability, accountability and transparency.
The Finance Minister said that training of relevant staff from the Budget Agencies on the upgraded system has commenced and will continue through to the end of the year.
In the area of budget transparency, the Finance Minister said that consultations with key stakeholders on the National Budget remain a priority for this administration, and will continue to take place.
He said that training during the year has focused on strengthening, monitoring and evaluation capabilities within the Budget Agencies, budget preparation, development of performance indicators and other forms of ongoing technical assistance.
Jordan stated that an updated programme budgeting manual will be published in the second half to enhance the application of related principles and practices.
He said, “Tracking the progress of budget implementation via regular performance review sessions is ongoing, including with our development partners, to ensure the effective and efficient delivery of the public sector investment programme.”
Jordan added, “More information on the implementation of the budget and the state of the economy is being made available monthly on the Ministry of Finance website as well as in the Mid-Year Report 2016 to Parliament which has an expanded level of analysis and detail to facilitate greater transparency and accountability.”
As part of ensuring in-year compliance with government accounting standards and procedures, the Finance Minister said that the internal audit function continues to be strengthened.
To this end, he revealed that work is underway to deploy independent audit units from the Ministry of Finance to selected Ministries. Further, the Finance Minister said that Government is also working with development partners to strengthen capacity for audit and control through the development of an internal audit manual, the training of staff, organisational restructuring, and the international certification of personnel in internal audit.

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