JIS News

Story Highlights

  • Legislation has been prepared and consultations underway to improve the public procurement process.
  • The Minister explained that this is part of the Government’s commitment to improving its internal operations.
  • There is to be further modification and roll out of additional elements of the Central Treasury Management System (CTMS) later this year.

Legislation has been prepared and consultations underway to improve the public procurement process, Minister of Finance and Planning, Dr. the Hon. Peter Phillips, has pointed out.

Opening the 2014/15 Budget Debate in the House of Representatives on April 18, the Minister explained that this is part of the Government’s commitment to improving its internal operations.

He also informed that there is to be further modification and roll out of additional elements of the Central Treasury Management System (CTMS) later this year. The CTMS is a critical component of the Government’s Economic Reform Programme (ERP), used to effect the management of: cash; Government’s bank accounts; financial planning and forecasting of cash flows; public debt management; administration of foreign grants and counterpart funds from international lending and donor agencies; and financial assets management.

Dr. Phillips said the system has already improved the management of public funds. “Among the benefits being realised under the system are a significant decrease in associated bank charges to the Government and reduced borrowing,” he added.

The Minister said there are plans to improve the management of human resources within the public sector.

“The implementation of a Human Capital Management Enterprise System, which will begin later this year, will integrate payroll, performance and employee demographics into a single database to further improve human resources management across Government,” Dr. Phillips stated.

He explained that with the creation of the web-enabled E-Census, the Government will have at its fingertips, for the first time, a means of determining the size and distribution, qualifications and basic demographics of the public sector.