PHILOSOPHY FOR PUBLIC SECTOR REFORM Government's ...

White Paper on Public Sector Reform(i)An immediate review of the rules and procedures which now governfinancial administration;Indeed, the committee has recommended specific amendments to theFinancial Rules dealing with ceilings for the awards of contracts, thesupply of goods without tenders being invited, and the use ofcomputerised vote book and accounting systems in ministries anddepartments.(ii) Putting the mechanisms in place for -(a)(b)(c)(d)greater flexibility within the financial managementsystem including the use of virement which is thetransfer of funds from one allocation to another;the introduction of systems which would make for:• greater accountability regarding the use of public funds;• the presentation of timely and accurate financialinformation;• a higher degree of transparency in financial transactions,particularly in relation to contracts for goods and services;• better management of supplies and materials; and• improved property management;the strengthening of the capabilities within the accounting sectionsof ministries, departments and agencies;the introduction of a strategy which will include:• the production of a multi-year financial plan;