Gov't Takes Special Funds Under Its Wing

Monday, July 09, 2018

Finance and Economic Development minister, Kenneth Matambo has informed Parliament that Cabinet recently approved specific measures to strengthen financial management of Special Funds.

These measures include transfer of all funds held under Special Funds into the Government Remittance Account to be managed as part of the Government cash balances held at the Bank of Botswana.

“This will ensure that government closely monitors the use of these funds, thereby ensuring compliance with both the Public Finance Management Act and the Fund Orders,” he said.

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Gov't Takes Special Funds Under Its Wing

Finance and Economic Development minister, Kenneth Matambo has informed Parliament that Cabinet recently approved specific measures to strengthen financial management of Special Funds.

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