Rédaction Africa Links 24 with New Dawn
Published on 2024-04-03 12:56:20
The Comptroller and Accountant General of Liberia, Elwood T. Netty, made a significant decision on April 3, 2024, regarding the salaries of comptrollers for the month of March. He directed that the salaries of 2024 comptrollers be put on hold due to non-compliance in submitting their annual financial statements for the fiscal year 2023. The deadline for submitting these statements to his office was March 15, 2024.
Comptrollers of various government spending entities were affected by this directive. The March 2024 salaries of these non-compliant comptrollers will remain on hold until they submit the required reports to the Comptroller and Accountant General. The list of non-compliant comptrollers includes individuals from organizations such as the National Food Assistance Agency, Paynesville City Corporation, Independent Information Commission, Liberia Board for Nurse and Midwifery, National Aids Commission, and National Public Health Institute, among others.
In addition, the Comptroller and Accountant General emphasized that the first quarter financial reports for fiscal year 2024 must be submitted by all Comptrollers, Financial Managers, and institutions’ heads by April 15, 2024. This reminder is in line with Section 19 of the Public Financial Management (PFM) Regulations, which requires government agency heads to prepare and transmit quarterly accounts covering all public funds under their control to the Auditor General and the Comptroller General.
The directive issued by Hon. Netty serves as a reminder to all entities under government control to adhere to financial reporting procedures and deadlines. Failure to comply with these regulations can result in the withholding of salaries, as demonstrated by the action taken against the non-compliant comptrollers for the fiscal year 2023.
It is essential for government agencies to maintain transparency and accountability in their financial operations by submitting timely and accurate reports. The Comptroller and Accountant General’s office plays a crucial role in overseeing and regulating these processes to ensure the proper management of public funds.
In conclusion, the decision to place the salaries of non-compliant comptrollers on hold for failing to submit their annual financial statements underscores the importance of accountability and adherence to financial regulations in government entities. Compliance with reporting deadlines and submission requirements is necessary to promote good governance and financial integrity within the public sector.
Read the original article on The Newdawn Liberia
