The objects of this Bill are to provide for—

(a) an institutional and regulatory framework for management of public funds;

(b) the strengthening of accountability, oversight, management and control of public funds in the public financial management framework;

(c) responsibilities and fiduciary duties of controlling officers and controlling bodies;

(d) enhancement of cash management systems to ensure efficient and effective utilisation of cash for the Government;

(f) the processes for efficient production of the Financial Report for the Republic;

(g) the management and control of public assets and stores; (h) the repeal of the Public Finance Act No. 15 of 2004; and (i) matters connected with, or incidental, to, the foregoing.