An Act to provide for an institutional and regulatory

framework for management of public funds; the

strengthening of accountability, oversight, management

and control of public funds in the public financial

management framework; responsibilities and fiduciary

duties of controlling officers and Controlling bodies;

enhancement of cash management systems to ensure

efficient and effective utilisation of cash for the

Government; the processes for efficient production of the

Financial Report for the Republic; the management and

control of public assets and stores; the repeal of the Public

Finance Act No. 15 of 2004; and matters connected with,

or incidental, to, the foregoing.