Consultative meeting on public finance’s draft Bill underway at Otjiwarongo

A one-day consultative meeting on the Public Finance Management’s Draft Bill, which is aimed at repealing the Finance State Act of 1991, officially commenced Thursday morning at Otjiwarongo.

The meeting is being attended by chief executive officers from the local authority councils of Otjozondjupa and Kunene regions, as well as the directors in finance division and departments at the two regional councils.

Some traditional authority leaders from the two regions, as well as their finance advisors also attended.

Otjozondjupa Governor, James Uerikua, at the same event urged the participants to genuinely contribute towards the Bill that will replace the Finance State Act of 1991 as a new law that would govern the smooth running of the country’s financial laws and expenditure in the public sector.

“However, we cannot ignore the fact that there is a well-known economical inequality in this country, as well as the scorch of drought amongst us. Thus, I suggest that all these factors be looked at in detail during your discussions towards the formulation of this new finance law,” said Uerikua.

On his part, team leader of the secretariat from the Ministry of Finance and Public Enterprises, Martinus Nakale, said his team comprises of different financial experts from his ministry, and also some legal experts from the Ministry of Justice, who have teamed up to capture all suggestions, comments and feedback statements which are fit to be part of the Bill.

Otjozondjupa Chief Regional Officer, Agatha Mweti, who is directing the proceedings of the meeting at the regional council chambers, said her wish is to see all the participants have a say in ways that would add value to this new finance law of the country.
(NAMPA)
MS/HP
(NAMPA)