Transcription of L A S S E MBLY
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L A S S E MBLY
PUBLIC FINANCIAL MANAGEMENT HANDBOOK for Members of Parliament and StaffiPUBLIC FINANCIAL MANAGEMENT HANDBOOKfor Members of Parliament and StaffRepublic of ZambiaSupport to the National Assembly of Zambia Project Component of the European Union Support to Public Financial Management, Accountability and Statistics Programme. October 2017 NATIONAL ASSEMBLY OF ZAMBIAPUBLIC FINANCIAL MANAGEMENT HANDBOOK for Members of Parliament and StaffiThe National Assembly of Zambia performs four core functions, namely law-making, representation, budget scrutiny and approval, and oversight. Its authority is derived from the Constitution of Zambia (Amendment) Act No. 2, 2016, which states that the representation of the will of the people and the legislative and oversight authority of the Republic are vested in and exercised by the National Assembly has the formal powers to keep the Executive accountable for its actions and policies, including its management of public financial resources, the challenge is to use this mandate to effectively ensure that the Executive adheres to prudent public financial management principles and fiscal policy targets, including maintaining aggregate fiscal discipline and ensuring that public resources are used equitably, efficiently, effectively and accountably.
ii PUBLIC ANCIAL ANAGEMEN ANDBOOK for Members of Parliament and Staff Foreword i Acronyms iv Introduction 1 MODULE I. INTRODUCTION AND BACKGROUND TO PUBLIC FINANCIAL MANAGEMENT 3
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