Statutory Bodies

VIDEO: Funds from Stat. Bodies

Finance Minister James Marape has defended the government's move to dip into thousands of accounts belonging to state owned entities and statutory bodies.

Major reform on public fund management


According to the Economic and Development Policies of the 2017 National Budget, there are many statutory bodies being set up and operating without a set of investment parameters or guidelines provided by the Government.

This will now be the subject of a review by the Departments of Finance and Treasury, to review all proposals for the creations of statutory bodies to comply with the best monetary benchmarks.