Public Finance Management Act, 2018 (No. 1 of 2018)
ZambiaAct of Parliament2018No. No. 1 of 2018
The Public Finance Management Act, 2018 (No. 1 of 2018) is an Act of the Parliament of Zambia enacted in 2018. It contains 102 sections. Read its sections below, or ask Levy any question about the Public Finance Management Act, 2018 (No. 1 of 2018) and get an answer grounded in the Act with citations.
Sections of the Public Finance Management Act, 2018 (No. 1 of 2018)
- S. 1Short title and commencement
- S. 2Interpretation
- S. 3Supremacy of Act
- S. 4Establishment of Treasury
- S. 5Functions and powers of the Treasury
- S. 6Secretary to Treasury
- S. 7Functions of Secretary to Treasury
- S. 8Accountant-General
- S. 9Functions of Accountant-General
- S. 10Controlling officers
- S. 11General responsibilities of controlling officer
- S. 12Fiduciary duties of controlling officer and controlling body
- S. 13Appointment and responsibilities of accounting officers
- S. 14Controller of Internal Audit
- S. 15Functions of Controller of Internal Audit
- S. 16Appointment and powers of internal auditors
- S. 17Functions of internal auditors
- S. 18Appointment and powers of stock verifiers
- S. 19Audit committees
- S. 20Additional principles of public finance
- S. 21Public funds to be credited to Consolidated Fund
- S. 22Disbursement from Consolidated Fund
- S. 23Issuance of warrant
- S. 24Donations and Grants
- S. 25Treasury Single Account
- S. 26Borrowing and lending
- S. 27Public debt chargeable to Consolidated Fund
- S. 28General revenues
- S. 29Generation of revenue
- S. 30Releases of funds
- S. 31Bank balances at end of financial year
- S. 32Bank accounts in respect of public monies
- S. 33Interest on bank accounts
- S. 34Investments
- S. 35Deposits excepted from Consolidated Fund
- S. 36Appropriation in aid
- S. 37Working accounts
- S. 38Recoverable advances
- S. 39Variation of funds
- S. 40Aided projects
- S. 41Management of public assets and stores in ministries and
- S. 42Disposal of public assets and stores by public bodies
- S. 43Establishment of committee of survey
- S. 44Disposal of public assets and stores by local authority, statutory
- S. 45Disposal procedures for public assets and stores in public bodies
- S. 46Methods of disposal of public assets and stores in public bodies
- S. 47Restriction on disposal to employees
- S. 48Losses of monies or stores
- S. 49Financial misconduct by controlling officers, committees and
- S. 50Disciplinary proceedings
- S. 51Surcharge for failure by controlling officers or controlling body
- S. 52Surcharge for failure by office holder to perform duty assigned
- S. 53Interim order of surcharge
- S. 54Attachment of property of office holder as security
- S. 55Responsibilities of Minister in management of state owned
- S. 56Management of statutory corporations and state owned
- S. 57Representation in statutory corporations and state owned
- S. 58Annual report and financial statements
- S. 59Shareholders’ meetings
- S. 60Conditions for appropriation of grants
- S. 61Grants disbursed to statutory corporations and state owned
- S. 62Transfer of assets to statutory corporations
- S. 63Records of investments in statutory corporations or state
- S. 64Inefficient operations of statutory corporations or state owned
- S. 65Protection of assets of statutory corporation or state owned
- S. 66Audit of statutory corporation or state owned enterprise
- S. 67Protection of Government interests on privatisation of statutory
- S. 68Recovery of outstanding monies
- S. 69Dissolution of statutory corporation
- S. 70Financial report of Republic
- S. 71Financial year for public body
- S. 72Financial reports for statutory corporations and state owned
- S. 73Mandate of Auditor-General
- S. 74Auditor-General may secure services of agent or specialist
- S. 75Prohibition of unauthorised incentives
- S. 76Unauthorised use of public money
- S. 77Right to make representations
- S. 78Consultancy services
- S. 79Restrictions regarding agreements
- S. 80Establishment or merging of Government ministries,
- S. 81Dissolution of Government ministries, departments and
- S. 82Offences and penalties
- S. 83General penalty
- S. 84Establishment, merging or dissolution of grant aided institutions
- S. 85Form of document
- S. 86Establishment of committees
- S. 87Remuneration of committees
- S. 88Forfeited assets
- S. 89Conflict of interest
- S. 90Regulations
- S. 91Existing funds
- S. 92Transitional arrangements
- S. 93Repeal of Act No. 15 of 2004
- S. chargeable under subparagraph (ii);
- S. IPRELIMINARY PROVISIONS
- S. IIMANAGEMENT OF PUBLIC FINANCES
- S. IIICONTROL OF PUBLIC FINANCES
- S. IVFINANCIAL MISCONDUCT
- S. VCONTROL OF STATUTORY CORPORATIONS AND STATE OWNED ENTERPRISES
- S. VIREPORTS
- S. VIIEXTERNAL AUDIT
- S. VIIIGENERAL PROVISIONS