Transparency in institutions to be ensured via Financial Management Act: CM

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Punjab Chief Minister Chaudhary Pervaiz Elahi has said that transparency in financial matters of the institutions would be ensured through Financial Management Act which will eventually balance the returns and expenditures situation.

He expressed these views while chairing a high level meeting held here on Wednesday during which Financial Management Act was reviewed in detail.

The Punjab Chief Minister directed to immediately finalize the issues relating the Act.

Pervaiz Elahi said was of the view that Financial Management Act holds key importance for transparency in government funds and good governance.

He said that financial matters of the government organizations would be monitored.

Financial Management and financial matters would be reviewed after every three months, he added.

Pervaiz Elahi said that improvements would be made to bring betterment in financial issues of the institutions and government organizations would have to be answerable for financial mismanagements.—INP

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