Provincial and district treasuries will come under more scrutiny as the Government begins implementing the medium term development strategy by putting more emphasis on rural development.
This emphasis was evident in the current passing of the 2008 budget focused on empowering the people.
Districts have received a record K10 million each prompting concerns that district treasuries do not have the capacity to effectively manage these funds.
Minister for Finance and treasury Patrick Pruaitch made this remarks during the official opening of the 11th provincial treasurers conference at Busamang outside Lae last Monday.
“Already provincial and district treasuries throughout the country can expect massive increase in responsibilities and accountabilities,” Mr Pruaitch said.
“I expect ownership and more commitment from 19 provincial treasurers, 86 district treasurers, accountants and public servants to uphold and protect the integrity of the Public Finance (Management) Act.”
He challenged delegates to discuss and find the best way forward.
He challenged the 100-plus delegates and called for all public servants to observe the Public Service General Order which are the basis for good behaviour and attitudes.
“Ethical innovation according to the theme of this conference is needed in the public service machinery and all management and financial reports must be properly completed and submitted on time,” Mr Pruaitch said.
He said the Finance department is only one component of the entire government machinery and can only carry out its mandated tasks effectively with consultation and collaboration among all stakeholders.
“We can maintain the current favourable economic condition through micro-fiscal discipline, and provincial and district treasuries play an important role to ensure prudent management of public finances.”
He reminded district treasuries that management reports to the Joint District Planning and Budget Priorities Committees was of paramount importance to ensure funds in districts are spent according to resolutions.
Mr Pruaitch also called on provincial and district treasuries to make sure funding for various projects are accounted for.