Common use of Public Finance Management Clause in Contracts

Public Finance Management. ‌ 4.14.1. The RTGoNU shall ensure that government finances are managed responsibly and that budget execution is enforced in accordance with the law; 4.14.2. The RTGoNU shall ensure that all its transactions are transparent and subject to auditing and oversight to promote accountability; 4.14.3. The RTGoNU shall ensure that debts, arrears and prepayments will be audited, fully accounted for, responsibly managed and controlled. New debt and payables will be issued and undertaken in an open, transparent and responsible fashion and shall be contracted strictly in accordance with the law; 4.14.4. The Ministry of Finance and Economic Planning shall identify all loans and contracts collateralized or guaranteed with oil, checked, and made publicly available for the purposes of transparency and accountability; 4.14.5. The National Audit-Chamber shall audit and report on all public funds and financial dealings to relevant institutions generally and in particular to the Transitional National Legislative Assembly or to a State Assembly; 4.14.6. The TNLA shall receive pending reports of the Audit Chamber within six (6) months of the start of the Transitional Period. Subsequent reports shall be received in accordance with the law. 4.14.7. After receiving an audit report, the Transitional National Legislative Assembly and or the State Legislative Assembly, as the case may be, shall immediately debate and consider the report and take appropriate action; 4.14.8. All revenues, expenditures, deficits, and debts of the RTGoNU shall be accounted for and the information shall be made accessible to the public. An annual report which details the RTGoNU financial activities shall be required by the Transitional National Legislative Assembly; 4.14.9. The RTGoNU shall define and adhere to clear lines of authority, public disclosure requirements, and reporting channels amongst the Ministry of Finance and Planning, the Ministry of Petroleum, the Ministry of Mining, and the Bank of South Sudan, other line Ministries, and Transitional National Legislative Assembly in accordance with the law; 4.14.10. The RTGoNU shall reform South Sudan’s existing economic and public sector financial management institutions, to ensure that public financial management of oil and non-oil revenues, the exchange rate, budgetary processes, procurement, management of payroll, public concessions, borrowing, debt and regulatory agencies are effective, transparent and accountable, free from corruption, compliant with international best practices and the laws of the Republic of South Sudan, and that resources are properly allocated and used for the benefit of the people of South Sudan.

Public Finance Management. ‌ 4.14.1. 6.5.1 The RTGoNU TGoNU shall ensure that government finances are managed responsibly and that budget execution is enforced in accordance with the law; 4.14.2. 6.5.2 The RTGoNU TGoNU shall ensure that all its transactions are transparent and subject to auditing and oversight to promote accountability; 4.14.3. 6.5.3 The RTGoNU TGoNU shall ensure that debts, arrears and prepayments will be audited, fully accounted for, responsibly managed and controlled. New debt and payables will be issued and undertaken in an open, transparent and responsible fashion and shall be contracted strictly in accordance with the law; 4.14.4. 6.5.4 The Ministry of Finance and Economic Planning Panning shall identify all loans and contracts collateralized or guaranteed with oil, checked, and made publicly available for the purposes of transparency and accountability; 4.14.5. 6.5.5 The National Audit-Chamber shall audit and report on all public funds and financial dealings to relevant institutions intuitions generally and in particular to the Transitional National Legislative Assembly or to a State Assembly; 4.14.6. 6.5.6 The TNLA shall receive pending reports of the Audit Chamber within six (6) months of the start of the Transitional Transition Period. Subsequent reports shall be received in accordance with the law.; 4.14.7. 6.5.7 After receiving an audit report, the Transitional National Legislative Assembly and or the State Legislative Assembly, as the case may be, Assembly shall immediately debate and consider the report and take appropriate action; 4.14.8. 6.5.8 All revenues, expenditures, deficits, and debts of the RTGoNU TGoNU shall be accounted for and the information shall be made accessible to the public. An annual report which details the RTGoNU TGoNU financial activities shall be required by the Transitional National Legislative Assembly; 4.14.9. 6.5.9 The RTGoNU TGoNU shall define and adhere to clear lines of authority, public disclosure requirements, and reporting channels amongst the Ministry of Finance and Economic Planning, the Ministry of Petroleum, the Ministry of Mining, Mining and the Bank of South Sudan, other the line Ministries, and Transitional National Legislative Assembly in accordance with the law; 4.14.10. 6.5.10 The RTGoNU TGoNU shall reform South Sudan’s existing economic and public sector financial management institutions, to ensure that public financial management of oil and non-oil revenues, the exchange rate, budgetary processes, procurement, management of payroll, public concessions, borrowing, debt and regulatory agencies are is effective, transparent and accountable, free from corruption, compliant with international best practices practic es and the laws of the Republic of South SudanSudan law, and that resources are properly allocated and used for the benefit of the people of South Sudan.

Public Finance Management. ‌ 4.14.1. The RTGoNU shall ensure that government finances are managed responsibly and that budget execution is enforced in accordance with the law; 4.14.2. The RTGoNU shall ensure that all its transactions are transparent and subject to auditing and oversight to promote accountability; 4.14.3. The RTGoNU shall ensure that debts, arrears and prepayments will be audited, fully accounted for, responsibly managed and controlled. New debt and payables will be issued and undertaken in an open, transparent and responsible fashion and shall be contracted strictly in accordance with the law; 4.14.4. The Ministry of Finance and Economic Planning shall identify all loans and contracts collateralized or guaranteed with oil, checked, and made publicly available for the purposes of transparency and accountability; 4.14.5. The National Audit-Chamber shall audit and report on all public funds and financial dealings to relevant institutions generally and in particular to the Transitional National Legislative Assembly or to a State Assembly; 4.14.6. The TNLA shall receive pending reports of the Audit Chamber within six (6) months of the start of the Transitional Period. Subsequent reports shall be received in accordance with the law. 4.14.7. After receiving an audit report, the Transitional National Legislative Assembly and or the State Legislative Assembly, as the case may be, shall immediately debate and consider the report and take appropriate action; 4.14.8. All revenues, expenditures, deficits, and debts of the RTGoNU shall be accounted for and the information shall be made accessible to the public. An annual report which details the RTGoNU financial activities shall be required by the Transitional National Legislative Assembly; 4.14.9. The RTGoNU shall define and adhere to clear lines of authority, public disclosure requirements, and reporting channels amongst the Ministry of Finance and Planning, the Ministry of Petroleum, the Ministry of Mining, and the Bank of South Sudan, other line Ministries, and Transitional National Legislative Assembly in accordance with the law; 4.14.10. The RTGoNU shall reform South Sudan’s existing economic and public sector financial management institutions, to ensure that public financial management of oil and non-oil revenues, the exchange rate, budgetary processes, procurement, management of payroll, public concessions, borrowing, debt and regulatory agencies are effective, transparent and accountable, free from corruption, compliant with international best practices and the laws of the Republic of South Sudan, and that resources are properly allocated and used for the benefit of the people of South Sudan.