Stakeholders Endorse New PFM Strategy

first_imgStakeholders who attended a two-day validation conference on Liberia’s new Public Financial Management (PFM) strategy have endorsed the new system that seeks to improve the country’s economic and budgetary performance and is expected to kick off in 2017 and end in 2020.The new strategy, which comes as a result of the current strategy that ended in June this year, will have an internal audit agency, unlike its predecessor.The conference was held from December 16-17, and was organized by the Ministry of Finance and Development Planning.Tanneh Geraldine Brunson, Deputy Minister for Budget at the Ministry of Finance, said improving budget credibility and comprehensiveness by strengthening the institutional capacities for preparing medium-term revenue and expenditure will bring all donor financing into the budget without hindrance.“Today, as we validate this new strategy that covers the next four years, it is very important that we re-emphasize these areas, some in which significant improvements have been made, but still needs to be addressed,” said Minister Brunson, who spoke on behalf of MFDP Minister Boima Kamara. According to her, there continues to be clear challenges to sustaining domestic resource generation in the country; however, she was quick to clarify that these challenges are not unique to Liberia. She named narrow tax base and a huge informal sector, lack of transparency which inhibits citizens’ willingness to comply with tax laws, as some of the challenges. Others are Illicit flows, tax havens, and transfer prices which circumvent the normal taxation process, as some of the obstacles in the sector.“We therefore need to build capacities of relevant stakeholder institutions, not only to mobilize domestic resources but also using them effectively and efficiently by enforcing tax payment compliance, reviewing tax relief policies, enhancing revenue collection through provision of proper tax information and education,” she suggested.Deputy Minister Brunson called on stakeholders to expand their tax base instead of raising tax rates.Minister Brunson also called for the enhancement of public investment management by integrating externally financed projects with the domestically financed public sector investment projects on a common platform. Emmanuel Togba, head of Public Financial Management Unit at MFDP, said the new law will also have county treasuries that would handle every financial matter in their respective localities.According to him, most of the PFM institutions collapsed, their systems failed, and human capacity deteriorated, culminating at a situation in which there was near complete absence of procedures in the application of public resources. “With assistance from our development partners,” he said, “the government enacted the PFM Act in 2009 to strengthen greater transparency and accountability around public resources.”The new strategy, he added, will guide the country for the next four years and, during the period, treasuries in the various counties, for example, will have their own procurement offices.Meanwhile, the conference was attended by representatives from the Ministry of Justice, General Auditing Commission, Governance Commission, Civil Service Agency, as well as development partners, namely the World Bank, IMF, USAID, EU, SIDA, and AFDB, among others.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Four-star Tusker humble AFC to move fifth

first_imgThis was AFC’s biggest defeat of the season, further piling pressure on head coach Rodolfo Zapata who just over the weekend saw the side eliminated from the Football Kenya Federation (FKF) Shield by Sofapaka.Tusker, eager to push into the top five in the standings had a brilliant start and within the opening two minutes, they had a chance to break the deadlock. Brian Osumba cut back a cross from the left with Boniface Muchiri’s effort blocked.The rebound fell on Peter Nzuki who tried going for a spectacular volley and the effort could not even get on target as it went high above goal.AFC, still with fresh wounds from their Shield exit over the weekend had their first chance of the game in the 13th minute when Duncan Otieno’s ferocious freekick from the left was turned behind for a corner by keeper Patrick Matasi.AFC started the set piece short with Baker Lukooya floating the eventual cross which was met by Salim Abdallah at the far post, heading it over.AFC Leopards midfielder Edward Seda tries to control the ball under pressure from Tusker FC defender Eric Ambunya during a Kenyan Premier League match at the Kenyatta Stadium in Machakos on September 26, 2018. PHOTO/Timothy OlobuluIngwe had another brilliant opportunity in the 20th minute when Ezekiel Odera knocked down the ball beautifully for Brian Marita, but the wingback’s shot was well collected by keeper Matasi.The shot stopper quickly launched the ball back into play and AFC were punished for the missed chance going one down.From Matasi’s distribution in goal, the ball eventually landed on Brian Osumba who took a shot at goal from range deflecting off Abdallah and Ochieng was faster to react to the ball inside the box, racing to it and tapping it past Ezekiel Owade in the AFC goal.Seven minutes later, Tusker who now had the upper hand in the game had another opportunity off a counter attack with Muchiri releasing Timothy Otieno on the right but the latter’s shot was blocked by Owade.Tusker FC midfielder Brian Osumba shields the ball away from AFC Leopards defender Mike Kibwage during a Kenyan Premier League match at the Kenyatta Stadium in Machakos on September 26, 2018. PHOTO/Timothy OlobuluTusker continued dominating play, passing the ball around well with AFC chasing shadows and evidently lacking the motivation to fight back.The brewers went 2-0 up with three minutes left before halftime, Tangauzi striking a superb goal off a counter on the right.The right back was released by Osumba on the wing before going past Abdallah with a little nutmeg and breaking into the box to fire past a dazed Owade. Tangauzi should have had his brace at the stroke of halftime when he drove away on the right again, but this time Owade denied him.In the second half , Zapata made changes with Brian Marita coming off for Christopher Oruchum while Edward Seda was also subbed off for Eugene Mukangula. Later on Nabwire was also hauled out for Saad Musa.AFC were up in confidence but still, they couldn’t master a way past the brewers.It was Robert Matano’s men who would wrap up the game with two goals in quick succession, both in easy fashion.Muchiri made it three with a cool calm and composed finish inside the box while Macharia scored in similar fashion after fellow substitute Mike Khamati had won the ball off Abdallah before Macharia picked up to drive into the box.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000Tusker FC players celebrate one of their four goals against AFC Leopards during a Kenyan Premier League match at the Kenyatta Stadium in Machakos on September 26, 2018. PHOTO/Timothy OlobuluMACHAKOS, Kenya, Sep 26 – Tusker FC completed a home and away round job against AFC Leopards beating them 4-0 at the Kenyatta Stadium in Machakos on Wednesday afternoon to move fifth in the Kenyan Premier League standings.First half goals from Sidney Ochieng and Marlon Tangauzi set the tempo for the brewers before Boniface Muchiri and substitute Jackson Macharia completed the job with two goals within two minutes late in the first half.last_img read more

HERO’S WELCOME HOME FOR BOXING STAR JASON

first_imgWORLD championship silver medalist Jason Quigley is home!And he got a hero’s welcome when he arrived at Dublin airport today – before making his way back to the Twin Towns.“It’s great to be home,” said Jason, who made history by being the first ever Irishman to reach a world championship final. “I’ve been overwhelmed by the messages of support. I’m looking forward to getting home and resting.”A large crowd of supporters greeted Jason at the airport – including family and friends.There will be a homecoming party tomorrow evening at the Finn Valley Centre.Patsy McGonagle, from Finn Valley AC, said: “Jason is a fantastic role model. “He is so dedicated to his sport and he is someone for young people to look up to.“His achievements this week have been world class and we are going to see bigger and better things from this great Donegal athlete.”HERO’S WELCOME HOME FOR BOXING STAR JASON was last modified: October 28th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:home comingJason Quigleylast_img read more