The Speaker of the National Assembly, Nelly Mutti, has urged Members of Parliament and staff to deepen their comprehension of Zambia’s Public Financial Management system. Stressing the significance of this knowledge, she underscored its pivotal role in enhancing oversight functions within the National Assembly.
During the launch of the Public Financial Management Handbook in Lusaka, Speaker Mutti highlighted Zambia’s dedication to financial reforms. Notable achievements include the enactment of the Public Finance Management Act in 2018 and the National Planning and Budgeting Act of 2020, both aimed at fortifying the nation’s financial management processes.
The handbook launch, attended by Members of Parliament and staff, signifies a crucial step in fostering a more profound understanding of the complexities associated with Public Financial Management. Speaker Mutti urged MPs to leverage the insights provided by the handbook to effectively execute their oversight responsibilities.
Fred Chaatila, Chairperson of the Planning and Budgeting Committee, echoed Speaker Mutti’s sentiments, emphasizing the handbook’s value in navigating the intricacies of Public Financial Management. He expressed satisfaction that the handbook has been updated to incorporate major developments in financial management, both within Zambia and globally.
In a significant stride toward enhancing financial oversight efficiency, Speaker Mutti unveiled the newly constructed office building for the Parliamentary Budget Office. This development underscores a commitment to providing the necessary infrastructure to support the office’s crucial work in analyzing and scrutinizing budgetary matters.