Government Budgeting and Accountability Act, 2005
An Act providing the framework for government budgeting, public expenditure management and financial accountability in Sierra Leone.
Summary
The Government Budgeting and Accountability Act, 2005 provided the legal framework for public financial management in Sierra Leone — the preparation, approval and execution of the Government budget, the management and control of public expenditure, and the accountability of those who handle public money.
The Act set out the budget process and fiscal responsibilities, the roles and duties of the Minister of Finance, the Financial Secretary, vote controllers and accounting officers, the control of commitments and payments, government accounting and reporting, and the internal and external audit framework. It was supported by the Financial Management Regulations, 2007, and later replaced by the Public Financial Management Act, 2016.
Main provisions
- Provides the framework for government budgeting and the budget process.
- Provides for the management and control of public expenditure.
- Defines the duties of vote controllers and accounting officers.
- Provides for government accounting, reporting and audit.
- Supported by the Financial Management Regulations, 2007.
- Later replaced by the Public Financial Management Act, 2016.