Minster of Finance signs the Implementation Circular for IPSAS Cash Basis. IPSAS Stands for International Public Sector Accounting Standards. This will improve the quality, accuracy, completeness for financial statements leading to better-informed assessments of the resource allocation decisions made by governments, thereby increasing transparency and accountability.
PFM is designed to achieve the highest possible efficiency, transparency, and accountability in the allocation, management and use of public finances to meet the GoSL’s development and economic growth priorities
