Marape stands by govt financial system


THE government information financial management (IMF) system has helped to improve and save time preparing public accounts, Finance Minister James Marape says.
Marape tabled the public accounts financial reports from 2010 to 2014 in Parliament yesterday.
He said there was a tremendous amount of progress with the implementation of IMF.
“IMF has rolled out to 40 government agencies and four statutory authorities and this has brought about an enormous improvement in time taken to prepare the public accounts,” he
“The government wanted to bring the public accounts up to date and had put a lot of work into tabling the five years of public accounts and IMF has helped to save a lot of time in preparing the accounts.”
Marape said the accounts tabled, details the receipts, expenditure and debts of the government for each financial year in question were for 2010, 2011, 2012, 2013 and 2014.
“In accordance with the requirements of the constitution, the 2010 to 2014 public accounts have been audited by the auditor-general,” he said.
Marape also said that the 2015 and 2016 accounts were with the auditor-general and would be tabled as soon as the audits were completed.