Close of Gov’t Accounts extended

The close of the 2022 Government Accounts is being extended to close of business (COB) on 23 December 2022.

The Department of Finance said that after careful consideration and consultation with relevant stakeholders, the Close of Account period is extended from Friday December 16 to COB, 23 December. 

Finance Secretary, Dr Ken Ngangan in a circular notified heads of government departments, statutory body heads, provincial governments and DDAs of the change.

“The Department of Treasury has issued warrants in recent days and enforcing the closing of accounts on 16 December 2022 will cease unnecessary inconvenience.

“The extension is provided to allow agencies sufficient time to complete compliant expenditure processes against warrants release by the Department of Treasury in recent days,” according to the circular.

By the COB 23 December, all commitments for the fiscal years must be committed in the IFMS.

Dr Ngangan stated that while the raising of commitments in IFMS will cease on 23rd December, cheques can continue to be raised against those commitments until the 28th December 2022.

Cheque printing will cease on 28 December 2022.

The date for the opening of the 2023 Accounts remains unchanged and will occur on 9 January 2023.

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