By BUSINESS REPORTER
EFFECTIVE enforcement of the Public Finance Management (PFM) Act will tremendously improve transparency and accountability in public finance management in Zambia, the Policy Monitoring Research Centre (PMRC) has observed.
PMRC executive director Bernadette Deka noted that with the Act in place, incidences of misuse and theft of public resources would be eliminated.
This is contained the PMRC analysis of the Public Finance Management Act of 2018.
Ms Deka said the new law would improve public service delivery in the country.
She urged public service managers, operatives and other stakeholders in statutory and corporation bodies to familiarize themselves with the new law.
Ms Deka has however urged Government to expedite the development of a code of conduct for all civil servants which could be linked with national productivity codes and ethics guidelines to ensure adherence.
She suggested that Government and other stakeholders should improve connectivity and infrastructures between Integrated Financial Management Information System (IFMIS) and the remote local areas.
She said Smart Zambia Institute should also play a key role in the process.
“In January 2018, it was reported that the IFMIS system had crushed. We recommend that Government works on a Disaster Recovery Site (DRS); an alternative backup facility that can be used when a primary location becomes unusable due to failure or disaster. It can be located in an entirely different location.
“This ensures a higher probability of safety when a primary IFMIS facility fails due to a localized disaster. In the absence of a DRS, the practice is to make daily back up of data and to store it in secure a location,” Ms Deka said in the analysis.
Government, she suggested, should review the current procurement Act so that it was in line with the PFM Act.