Financial Procedures for End of Financial Year 2019/2020
The Public Finance Management Act (PFMA) section 9 (2) stipulates that the "The authority to expend money or incur expenses or liabilities under an Appropriation Act lapses at the end of the financial year to which that Act relates"
Therefore, as we approach the end of this unprecedented Financial Year(FY), Ministry of Finance (MOF) wishes to seek all Ministry/Department/Agency (MDAs) kind assistance in ensuring the following procedural requirements and deadlines are met.
