Malawi launches Public Finance Management Reform Programme

Malawi Government Friday officially launched the Public Finance Management Reform Programme (PFM) as part of continued efforts to curb mismanagement of public funds.

Mutharika speaking at Kamuzu Palace

Mutharika speaking at Kamuzu Palace

Chief Secretary Mkondiwa counsulting VP Chiima and Finance Minister Gondwe

Chief Secretary Mkondiwa counsulting VP Chiima and Finance Minister Gondwe

Present at the launch were senior government officials including Cabinet Ministers, Principal Secretaries

Present at the launch were senior government officials including Cabinet Ministers, Principal Secretaries

Addressing senior government officials during the PFM launch which took place at Kamuzu Palace in Lilongwe, President Prof. Peter Mutharika said; “As Malawians, we should be embarrassed to honour through court proceedings what some people did during the Cashgate scandal.”

He said there has been a continued culture of non-compliance to laws and regulations that provide a framework within which public finances should be managed, a situation to which PFM would be a perfect remedy.

Mutharika  also explained that Malawi still has an excellent framework of financial laws, rules and regulations that follow well established international standards of public finance management which, if observed and complied with, financial fraud would be rare and public resources would be protected.

“Regrettably, these laws, rules and regulations have been ignored progressively with impunity by politicians and the public servants, particularly those who are entrusted with managing resources,” said Mutharika adding; “And the result has been a persistent erosion of funds and a lack of control of expenditures.”

The President further explained that PFM would also sort out the evident lack of political will and leadership which has undermined the public finance management framework of rules and regulations including laxity in enforcing procurement procedures.

The Head of State also disclosed that the Central Internal Auditing service was being reformed and revitalized as a compliance tool of government.

Said the first citizen; “We will introduce qualified internal auditors from the private firms in 10 large ministries to train official internal auditors and establish proper internal auditing practice.”

Speaking earlier before the President, Minister of Finance and Economic Planning Goodal Gondwe indicated that PFM was a stride towards overcoming the challenging task of stabilizing the country’s economy which had been paralysed by the infamous Cashgate.

Present at the launch were senior government officials including Cabinet Ministers, Principal Secretaries and Chief Secretary to Government, George Mkondiwa.

Giving a vote of thanks, Mkondiwa hailed PFM as a home grown solution to the financial challenges that have for long retarded the country’s development.–Mana

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Zexa By Nontexezi
Guest

Chiye Nang’omba, do you have evidence that Bingu stole K90 billion kwacha. Umenewo ndiye usiruwo!

Future leader
Guest

Beatifying bookshelves with skeletons

Frodo
Guest

the usual jibber-jabber. all this country needs is a reform of morals and ethics around money. everywhere everyone is discussing about how they will line their pockets by swindling some poor organisation and most of all the easy public coffers.

Joyce Bandawe
Guest

Listen who is talking! Crown thief himself!

you too
Guest
As usual Government never learns any lessons from the past. A couple of years ago Chief Accountants who were to be paid salaries higher than the PS were posted to the so called big Ministries with a view to improve the accounting system. What this decision ignored was the fact that this well paid Chief Accountant will have to be supported by poorly paid and unmotivated accounts clerks. The end result was that the whole thing did not achieve its intended purpose. Here we are again talking about bringing in “expatriates” from the private sector who shall obviously earn higher… Read more »
Chiye Nang'omba
Guest

Always empty tin make noise.mkulu wako uja anaba 90 Billion nanga iwe uba zingati? Cardiac arrest go to state house again

Penani Unenesko
Guest

When authors of cashgate pose as angels,they talk alot.Remember 92bn,vote gate.May you have repented now.

Indegenous
Guest

Comment what a visionary leader ! Malawi surely will develop .bravo APM

Chimani. Game
Guest

Shame must start with you,u big head idiot,the big kahuna,duplicate.

Dambuzo mwasanya
Guest

A corrupt leader lecturing about corruption.He has just forgotten the colossal figure he inflated recently about his wealth claiming kuti ali ndi handwriting yootoka.Mukunaniza ndani kodi?

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