Public Financial Management Act Republic of Liberia
- Jan 2009
- Republic of Liberia
- International
The Public Financial Management Act of the Republic of Liberia governs all matters related to the management of public finances in Liberia. It lays out fundamental procedures for the preparation, adoption, execution and final accounts of the National Budget and related matters including internal control, accounting and auditing of public finances, assets as well as the arrangements for public debt and government guarantees. The Act shall be supplemented by enabling regulations promulgated by the Ministry of Finance and approved by the President to further specify the procedures in each of the areas mentioned herein, which may be amended from time to time. The Legislature, in execution of its oversight responsibilities, is to ensure that all regulations issued pursuant to this Act are consistent with the Act.
